Rakuten Mobile announced on May 15 that it will postpone the start of the 5th generation mobile communication system (5G) service.
In addition, Rakuten announced the first-quarter financial results on May 13
Rakuten 5G launch in Japan delayed due to coronavirus.
TOKYO (Reuters) – Japan’s Rakuten Inc said on Friday that the launch of its 5G services, scheduled for June, had been delayed by at least three months due to the impact on supply chains of the coronavirus crisis.
Rakuten remained in the red in the first quarter of its 2020 fiscal year.
The company continues to suffer due to the heavy investments made for the full launch of its mobile phone offerings in Japan in early April, as an operator now with its own 4G network, while the rollout of 5G is also launched.
“We will work to minimize the impact of the pandemic and look forward to launching our 5G services in the near future,” said Tareq Amin, Executive Vice President of Rakuten Mobile to Zonebourse.
In contrast to the previous quarter, the group also recorded an operating loss at the beginning of the year of 25.04 billion yen, compared with an operating profit of 113.66 billion yen between January and March 2019.
However, Rakuten saw its quarterly revenue jump 18.2% to 331.44 billion yen (2.86 billion euros), driven in particular by online commerce and its financial services.
the Public Relations Department said, “Since the situation in India was expected to be able to continue work, it was decided to extend the thing while waiting for the lockdown to be released.
How long will it finally be necessary? Was being considered. ”
Smartphones that, in addition, are finally starting to benefit from nice promos, like the iPhone 11 Pro, whose price is falling today thanks to an offer from Rakuten! priced at 989.50 euros.
RakutenInc, struck again. The brand has just launched a very interesting promo on the iPhone 11 with 64GB of internal memory. It is priced at 685 euros. And it is a European model as a bonus.
Rakuten Mobile, Inc., a subsidiary of Japanese e-commerce giant Rakuten, Inc., is reportedly acquiring Virginia-based engineering firm Inouye (Innoeye, LLC, and Innoeye Technologies Pvt. Ltd.).
Financial terms of the transaction were not disclosed.
“Innoeye is delighted by the opportunity to become part of the large Mobile family,” said Rajeev Gupta, CEO of Innoeye.