TOKYO -- Rakuten Group will raise up to 300 billion yen ($2 billion) for its wireless unit from a consortium led by Australia's Macquarie Asset Management under plans announced Thursday by selling and leasing back equipment as it taps funding sources beyond bonds.
Business deals
Rakuten Mobile to raise up to $2bn from Macquarie-led consortium
Asset sale and leaseback aims to diversify funding for recovering wireless business
Rakuten has invested more than 1 trillion yen in base stations and other infrastructure for its wireless business. (Photo by Mayumi Tsumita)
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