By Andrei Skvarsky.
Japanese mobile carrier Rakuten Mobile plans to use some of its network assets to raise capital worth 150bn to 300bn yen (between $1bn and $2bn) through a sale-leaseback deal with an investor consortium led by the asset management arm of Australian financial services company Macquarie Group.
Rakuten Mobile, a subsidiary of Japanese technology conglomerate Rakuten Group, will sell the assets to the consortium and lease them back immediately to continue to use them.
The consortium includes British Columbia Investment Management Corporation (BCI), a Canadian public sector company with $250.4bn of gross assets under management, consortium leader Macquarie Asset Management and Rakuten Group said in a joint statement.
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