Rakuten Mobile grabs stake in JTOWER as debt increases

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Rakuten Mobile has reportedly purchased a minority share in Japanese tower infrastructure specialist JTOWER, hoping to lower their network deployment costs in the face of rising debt. The operator launched its commercial 4G services back in April 2020 and since then has expanded their network considerably, including the launch of 5G services in October the same year. However, to compete with its more established rivals…

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