October 15, 2021
Company name: JTOWER Inc.
Representative: Representative Director Atsushi Tanaka
(TSE Mothers Code No. 4485)
Contact:Ryosuke Nakamura
Managing Director, CFO
Notice of Capital Alliance with Rakuten Mobile
JTOWER Inc. hereby announced that we have entered a capital alliance with Rakuten Mobile, Inc. ("Rakuten Mobile") with the aim of promoting Infra-Sharing in indoors and outdoors by using sharing equipment and sharing towers, mainly in the development of 4G and 5G networks, as described below.
1.Background and objectives of the alliance
- Background and objectives of the alliance
Rakuten Mobile has been using our indoor Infra-Sharing solutions since January 2020, and the number of installations is gradually increasing. In addition, we built smart poles in Nishi-Shinjuku area in Tokyo as one of our outdoor Infra-Sharing solutions and Rakuten Mobile has been using these smart poles since April 2021. The use of Infra-Sharing enables network development in a short period of time and at a low cost compared to when each mobile network operator installs their own networks separately.
In order to contribute to the development of a broader network, in 2020, we realized the first 5G indoor Infra-Sharing in Japan at the Tokyo metropolitan government headquarters building and in outdoor, we are strengthening our structure by launching new businesses such as tower sharing covering rural areas and smart poles mainly in urban areas.
We and Rakuten Mobile will use this capital alliance as an opportunity to deepen our collaboration, and we will promote Infra-Sharing in indoors and outdoors using sharing equipment and sharing towers in the development of 4G and 5G networks, and work to build a more comfortable communication environment at an early stage.
(2)Number of shares to be newly acquired by the subscriber; percentage of outstanding shares
Rakuten Mobile will acquire a portion of our shares from Atsushi Tanaka, our representative director, and take an equity stake in JTOWER. We refrain from disclosing the number of newly acquired shares and other conditions.
2.Overview of Rakuten Mobile
(1) | Name | Rakuten Mobile, Inc. | |
(2) | Head office address | Rakuten Crimson House | |
1-14-1 Tamagawa, Setagaya-ku, Tokyo | |||
(3) | Name and role of | Representative Director and President | |
representative | Yoshihisa Yamada | ||
(4) | Business | Telecommunications business based on the Telecommunications | |
Business Act and other communications businesses | |||
(5) | Capital | 100 million JPY (As of December 31, 2020) | |
(6) | Date founded | January 10, 2018 | |
Major shareholders | |||
(7) | and percentage | Wholly owned by Rakuten Group, Inc. | |
ownership | |||
Capital | Not applicable. | ||
relationship | |||
Personnel | Not applicable. | ||
relationship | |||
Relationship with | |||
(8) | Business | There are transactions related to the use of our | |
JTOWER | relationship | Infra-Sharing solutions. | |
Status of | |||
relationships | Not applicable. | ||
with related | |||
parties | |||
(Note) Operating results and financial position of Rakuten Mobile is not presented because the company is an unlisted company.
3.Future Outlook
The impact of this initiative on consolidated results for the fiscal year ended March 31, 2022 is immaterial.
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JTOWER Inc. published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 06:11:14 UTC.