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Japan's Rakuten, KDDI to tie up - report

Thu 1st November, 2018 5:49am
TOKYO, Nov 1 (Reuters) - Japanese e-commerce firm Rakuten
Inc  4755.T , which is set to launch a new mobile phone service,
will partner with rival KDDI Corp  9433.T  in mobile payments
and infrastructure, the Nikkei said on Thursday.
    The government has backed Rakuten's entry into mobile
services, saying increased competition will benefit consumers. A
tie-up between Rakuten and KDDI could put pressure on the top
two players, NTT DoCoMo Inc  9437.T  and SoftBank Group Corp
 9984.T .
    A KDDI spokeswoman declined to comment. Rakuten officials
were not immediately available for comment.

 (Reporting by Ayai Tomisawa and Sam Nussey; Editing by Clarence
Fernandez)
 ((Ritsuko.Ando@reuters.com; +81 3 6441 1743; Reuters Messaging:
ritsuko.ando.thomsonreuters.com@reuters.net))

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