Fujitsu, Toshiba lock up handset division merger
Thursday, June 17th, 2010The I’s have been dotted, the T’s have been crossed, and two of Japan’s mobile giants — Fujitsu and Toshiba — have apparently brought their handset division merger talks to a fruitful conclusion. Fujitsu will take a majority stake in the joint venture, which should become Japan’s number two domestic market phone supplier behind Sharp; together, they’ll still have virtually no significance on the global stage, but this might be an engaging attention opportunity for phones like the TG01 and its successors to get a little more play around the world. For its part, Toshiba is looking at the deal to step back from an unprofitable business; margins on phones in the Japanese domestic market are razor-thin, and other players like Mitusbishi have already bowed out entirely. Best of luck, you lovebirds.
Fujitsu, Toshiba lock up handset division merger originally appeared on Engadget Mobile on Thu, 17 Jun 2010 13:33:00 EST. Please see our terms for use of feeds.


