Rakuten Mobile, Rakuten Symphony, and South Korean mobile network operator STAGE X have signed a Memorandum of Understanding to establish a comprehensive framework for strategic collaboration in technology and business exchange. The agreement focuses on technological collaboration and business synergies between the three companies, with STAGE X being a new greenfield mobile network operator that is preparing to provide 5G services in the 28 GHz spectrum.
Rakuten Mobile is praised for building and deploying the world’s first fully virtualized, cloud-native mobile network with a modern infrastructure that ensures stable telecommunication services as the newest mobile network operator in Japan. As Stage X builds out its infrastructure to provide 5G services in the 28 GHz spectrum, there is excitement about working with Rakuten and learning from their experience across a wide range of areas.
The discussions between the companies will also encompass various aspects of Stage X’s upcoming projects ranging from business operations to technical areas. In addition, the three companies will pursue cooperation considering expansion to mid-band frequency and the development of a 6G-based national network from a long-term perspective. Sangwon Seo, CEO of Stage X, expressed his enthusiasm for the collaboration with Rakuten Mobile and Rakuten Symphony as the companies represent their respective countries and aim to continue broad cooperation.
Rakuten Symphony is known for providing industry-leading telecom solutions that are essential for delivering high-quality telecommunication services. By collaborating with Rakuten Symphony, Stage X can leverage their expertise to create innovative solutions that meet its unique needs. The CEOs of Rakuten Mobile and Rakuten Symphony are optimistic about collaborating with South Korea’s newest mobile network operator. They believe that significant synergies exist between the companies and that this MoU will leverage their expertise to create industry-changing opportunities for Stage X.
The signing of this MoU marks an exciting milestone in the ongoing efforts by these companies to expand their reach into new markets while leveraging each other’s strengths. With this agreement in place, they can work together towards achieving common goals while contributing positively to the growth of their respective industries.
