tech
Nikkei: Japanese company Rakuten to receive $900 million from government for Starlink alternative development
The Japanese government plans to provide a subsidy of 150 billion yen (about $900 million) for the development of a satellite communication system for mobile devices to a consortium led by Rakuten. This was reported by Nikkei agency. It is expected that an official decision by the Ministry of Internal Affairs and Communications will be made soon.
TL;DR
- Japan's government plans to subsidize Rakuten's satellite communication system development.
- The subsidy amount is 150 billion yen, equivalent to about $900 million.
- The system is intended for mobile devices.
- A consortium led by Rakuten will undertake the development.
- The Ministry of Internal Affairs and Communications is expected to finalize the decision soon.