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Fujitsu takes $1B knock as post office scandal escalates

Fujitsu takes $1B knock as post office scandal escalates
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United kingdomTim morseQian maPaul pattersonChrisj ratcliffe bloombergUk post officeFujitsu ltdMembers of parliamentPost officeCommons businessAsymmetric advisorsBloomberg intelligence

Fujitsu Takes $1 Billion Knock as Post Office Scandal Escalates

Fujitsu Takes $1 Billion Knock as Post Office Scandal Escalates
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

United kingdomPaul pattersonTim morseBlaise robinsonQian maMembers of parliamentUnited kingdom post officeFujitsu ltdPost officeCommons businessFujitsu says needAsymmetric advisorsBloomberg intelligence

Fujitsu takes $1-B knock | Bloomberg News

More than $1 billion was wiped off the value of Fujitsu Ltd. on Wednesday after the company’s European chief said it had a moral responsibility to provide compensation for its role in the UK Post Office scandal. Shares fell 4 percent by the close of trading in Tokyo on Wednesday,…

United kingdomPaul pattersonQian maTim morseMembers of parliamentFujitsu ltdUnited kingdom post officePost officeCommons businessAsymmetric advisorsBloomberg intelligence

Rakuten s mobile misadventure: From ambitious plan to millstone

When Japan’s Rakuten launched a mobile service network in 2020, the eCommerce and financial technology giant promised to disrupt the world’s third-largest telecoms market. It’s done that in part, but the greater shake-up has been to its finances.

Hiroshi mickey mikitaniMitsunobu tsuruoAmir anvarzadehRakuten bankSoftbank group paypaySoftbank corpRakuten mobileAmazon japanRakuten securitiesRakuten cardSoftbank groupAsymmetric advisors

Analysis-Rakuten s mobile misadventure: from ambitious plan to millstone

When Japan's Rakuten launched a mobile service network in 2020, the e-commerce and fintech giant promised to disrupt the world's third-largest telecoms market. By any measure, cash-bleeding Rakuten Mobile is deeply troubled. A too-quick rollout earned Rakuten a reputation for spotty coverage it is still trying to repair.

Hiroshi mickey mikitaniMitsunobu tsuruoDavid dolanEdwina gibbsAmir anvarzadehSoftbank group paypaySoftbank corpRakuten bankRakuten mobileAmazon japanRakuten securitiesRakuten cardSoftbank groupAsymmetric advisorsAnton bridgeRakuten securities