8/4, 6:29 PM (Source: TeleTrader)
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Rakuten hits over $2 billion 5G deal in Germany

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.

Breaking the News / ND