The leading communication solution provider Rakuten Mobile, Inc. signed a Memorandum of Understanding (MoU) with Ligado Networks Inc. As per MoU the two companies will collaborate to create a blueprint for Ligado’s 5G mobile private network solution that leverages the Rakuten Communications Platform (RCP).
- As per agreement companies will commence efforts in Q1 2021 with ecosystem partners and vendors to establish a timeline for the implementation of network trials and blueprint for solutions.
- Under the MoU, the companies will define a strategy that leverages Rakuten’s ecosystem position to advance the jointly developed 5G mobile private network solution and accelerate overall L-Band commercial readiness among network hardware and software providers.
The major acquisitions and deals by Rakuten are featured below:
Dec 2020: Rakuten Inc. announced the completion of acquisition of the world’s most intelligent autofill service platform Fillr. The autofill platform Fillr grows shopper conversion rates by simplifying registration and checkout processes.
Nov 2020: KKR & Co. Inc. and e commerce firm Rakuten, Inc., announced to purchase a majority stake in Seiyu GK, from global retail company Walmart Inc for approximately $1.6 billion. The deal helps in digital transformation of Japanese Retail.
May 2020: Rakuten, Inc., announced that it plans to acquire Virginia based Innoeye, an engineering technology solutions company. Innoeye will be acquired by Rakuten Mobile, Inc., a group company of Rakuten, Inc. Rakuten Mobile has already deployed Innoeyes converged OSS, an end-to-end platform process automation solution, to support the 4G/5G cloud platform for its network launch in Japan.
March 2020, Rakuten and Vodafone have become the lead investors in a venture to extend mobile coverage to more people and devices across the planet, using the first mobile broadband network that will be broadcast from space.
Rakuten, Inc., headquartered in Setagaya City, Tokyo, Japan, is one of the leading ecommerce company. The company has third largest ecommerce marketplace globally. The company offers a range of services in e-commerce, fintech, digital content and communications to many users all over the world.