Macquarie Asset Management and British Columbia Investment completed the acquisition of Rakuten Mobile form Rakuten Group for $2bn.

Macquarie Asset Management, an Australian financial services group, and British Columbia Investment, a provider of investment management services, completed the acquisition of Rakuten Mobile, a telecommunication business form Rakuten Group, a provider of e-commerce services, for $2bn. “I am delighted to announce this innovative partnership with Macquarie Asset Management, one of the world's leading infrastructure investors. They strongly believe in our vision for the future, and together, we've made our financial foundation even stronger. Rakuten Mobile is already well on its way to profitability, and with our new initiative, we will continue to build on this momentum as we aim to reach profitability even faster and become the top mobile carrier in Japan,” Mickey Mikitani, Rakuten Group Chairman and CEO.