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Fujitsu planning to sell mobile phone business - report
2017-08-22 10:07:00| Telecompaper Headlines
(Telecompaper) Japanese IT giant Fujitsu is planning to sell off its mobile phone operations after struggling to compete with global rivals in recent years, according to a Nikkei report. Tokyo-based Fujitsu spun off its mobile phone operations into a separate company in February 2016 and is now looking for potential buyers, with first-round bidding potentially starting as soon as September. Interested parties include investment funds Polaris Capital Group and CVC Capital Partners plus China's Lenovo and Huawei as well as Taiwan's Foxconn, said the report, adding that the unit will likely be sold for "tens of billions of yen" (hundreds of millions of dollars).
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Category:Telecommunications