In a significant development for the telecommunications industry, Rakuten Mobile, Rakuten Symphony, and South Korean mobile network operator STAGE X have announced a Memorandum of Understanding (MoU) to establish a comprehensive framework for strategic collaboration in technology and business exchange. The agreement aims to bring together the newest mobile network operators in Japan and Korea to focus on technological collaboration and business synergies between the three companies.
STAGE X is a new greenfield mobile network operator that is preparing to provide 5G services in the 28 GHz spectrum. By working with Rakuten Mobile and Rakuten Symphony, the MoU will enable Stage X to share industry knowledge and expertise from these leading companies. Additionally, Stage X will gain access to industry-leading telecom solutions from Rakuten Symphony, which will be critical as they build out their infrastructure.
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 explore potential cooperation on expanding to mid-band frequency and developing a 6G-based national network from a long-term perspective. Sangwon Seo, CEO of Stage X, expressed his enthusiasm for this collaboration as he believes it aligns with their goals of broad cooperation across countries and creating industry-changing opportunities.
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, 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 as they believe significant synergies exist between the companies and this MoU will leverage their expertise to create new opportunities for Stage X.
Overall, this MoU represents an exciting opportunity for these three companies to work together towards common goals in the telecommunications industry while sharing knowledge and expertise across borders.