Rakuten launched commercial wireless network services in April in a bid to win market share from the three incumbents and drive traffic to the firm's ecommerce and financial services.
Reuters
@moneycontrolcom
Japan's Rakuten Inc said on Friday the launch of its 5G services that was planned for June had been delayed by at least three months due to the impact on supply chains by the coronavirus crisis.
Rakuten launched commercial wireless network services in April in a bid to win market share from the three incumbents and drive traffic to the firm's ecommerce and financial services.
On Thursday, the firm reported growing operating losses at the mobile business. Chief Executive Hiroshi Mikitani said the mobile business had cut the cost of building its network by using cloud-based software instead of proprietary hardware.
Rakuten has not disclosed user numbers at the carrier, increasing uncertainty over its performance as the coronavirus halts economic activity across Japan.
Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
Moneycontrol Virtual Summit presents 'The Future of Indian Industry', powered by Salesforce
Register Now! and watch industry stalwarts forecast how India Inc will shape up in post COVID-19 world
Date: May 19
related news
First Published on May 15, 2020 01:12 pm
