Two Japanese companies, Rakuten Mobile and NEC Corporation, have announced the signing of a Memorandum of Understanding (MoU) to promote Open RAN in mobile telecommunications markets worldwide. The MoU is based on Rakuten’s current partnership with NEC, where NEC supplies 5G radio equipment to the operator. The pair is also jointly working on developing a Rakuten standalone 5G core.   Under the Memorandum of Understanding, Rakuten Mobile and NEC will continue to expand their local collaboration to provide 5G and 4G radios and engineering services for Open RAN systems that are compliant with O-RAN specifications. These services will be applicable to  markets worldwide and will boost the global development of the Rakuten Communications Platform (RCP). RCP is Rakuten Mobile’s fully virtualized and containerized cloud-based mobile network platform, enabling telecom businesses to station virtual networks rapidly and inexpensively.   Tareq Amin, executive vice president and CTO at Rakuten Mobile, said: “Rakuten…