In a major development, Rakuten Mobile, Rakuten Symphony, and South Korean mobile network operator STAGE X have announced the signing of 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.
As Stage X prepares to provide 5G services in the 28 GHz spectrum, the MoU provides an opportunity for sharing industry knowledge and expertise from Rakuten Mobile. This includes providing industry-leading telecom solutions from Rakuten Symphony. The discussions between the companies will also encompass various aspects of Stage X’s upcoming projects ranging from business operations to technical areas. Additionally, the three companies are 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 they represent their respective countries and aim to continue broad cooperation. He believes that significant synergies exist between the companies and that this MoU will leverage their expertise to create industry-changing opportunities for Stage X.
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 Japan’s newest mobile network operator. As Stage X builds out its infrastructure to provide 5G services in Korea’s 28 GHz spectrum, there is excitement about working with Rakuten and learning from their experience across a wide range of areas. 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