Rakuten hits over $2 billion 5G deal in Germany

Wednesday, 04. August 2021 18:29

Rakuten Group Inc. announced on Wednesday it has reached an agreement to export its 5G telecommunications technology to German wireless carrier 1&1 in a deal valued at over $2 billion.

According to a report published by the Nikkei, Rakuten is expected to obtain between $2.29 billion and $2.74 billion over the next decade in a deal that will provide 1$1 with Rakuten's full virtual network technology.

Rakuten previously announced that it has decided to start using Cisco Systems' technology for the development of its 5G network in Japan.

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