Thursday, June 17, 2010
Fujitsu and Toshiba have reached an agreement to merge their mobile handset businesses that will strengthen their positions in the Japan market.
Both companies said in a statement they signed a memorandum of understanding to combine the two businesses adding the agreement would strengthen both the marketing and product design operations.
“By combining their mobile phone development know-how and technological strengths, Fujitsu and Toshiba intend on enhancing their handset development capabilities and at the same time improving business efficiency,” the companies said.
As part of the agreement, the joint venture partners said Toshiba will transfer its mobile phone operations to a new company to be created in October while Fujitsu will acquire a majority share in the new business.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
