Press Releases

Distributed: Aug 28, 2009

Alerts Login
loading.........

Share on StockTwits  
View in Other Languages 12533 7900 7593 

Tokyo, Aug 28, 2009 (ABN Newswire) - Casio Computer Co. (TYO:6952), NEC Corp. (TYO:6701) and Hitachi Ltd. (TYO:6501) are in talks to consolidate their mobile phone operations as early as April 2010, industry sources said Friday.

NEC is negotiating to take an equity stake of more than 50 percent in a joint venture called Casio Hitachi Mobile Communications Co., which was founded in 2004 by Casio and Hitachi, according to the sources. Casio has a 51 percent stake in the joint firm and Hitachi the remainder.

The three companies could reduce development and procurement costs, while Japan's domestic sales of mobile phone fell sharply.

The merger could create the second largest handset maker in Japan, with a combined share of more than 20 percent in the Japanese mobile phone market. Sharp Corp (TYO:6753) is the biggest mobile phone market in the country with 23 per cent market share.


Share on StockTwits  

Contact

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net

  Related Companies

>>>      Casio Computer Co Ltd
>>>        Hitachi, Ltd.
>>>        Nec Corporation
>>>         Sharp Corporation

  Related Industry Topics:

Consumer Electronics | Financial General | 

  This Page Viewed:  (Last 7 Days: 37) (Last 30 Days: 151) (Since Published: 12533) 

125330 79000 75930  (28026)

   

  ABN Newswire on Social Media

Site Search

 
 ENGLISH   All Languages
Send A Press Release
Webcast Your Annual General Meeting

Mobile Video TV

qrcode
Scan with your Mobile Phone to view ABN Newswire Video Channel on Mobile