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Rakuten Mobile to raise up to $2bn from Macquarie-led consortium

TOKYO -- Rakuten Group will raise up to 300 billion yen ($2 billion) for its wireless unit from a consortium led by Australia's Macquarie Asset Management under plans announced Thursday by selling and leasing back equipment as it taps funding sources beyond bonds.

Rakuten Mobile will continue to maintain and operate the assets under the 10-year lease, whose terms will be worked out going forward.

Read more on asia.nikkei.com