Rakuten doubles down on global export of low-cost 5G technology

Group taps contract network development to recover from record $1bn-plus loss

20220301N Rakuten network

A Rakuten technician works on company servers, which handle most of the telecom traffic rather than specialized hardware. © Reuters

MINORU SATAKE, Nikkei staff writer

BARCELONA -- Japanese tech company Rakuten Group will make a full-scale global push to market its low-cost 5G technology in a bid to turn around its loss-making telecommunications arm.

The group on Tuesday highlighted the operations of Rakuten Symphony, its new telecom solutions subsidiary established in January, during the Mobile World Congress trade show in Barcelona. Tareq Amin, the CEO of the unit, touted the advantages Rakuten has to offer over the competition.

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