Fujitsu in talks to sell mobile phone business

Fujitsu  logoFujitsu on Friday confirmed it was in talks about selling its mobile phone business to investment fund Polaris Capital Group, although no final decision has been made yet.

The news was first reported by the Nihon Keizai Shimbun (Nikkei) and Yomiuri Shimbun.

Fujitsu in talks to sell mobile phone business

Fujitsu said that the specific reports were not based on any official announcement made by Fujitsu, but confirmed that it was in discussions with Polaris Capital Group Co., Ltd.

The sale would leave just three Japanese electronics makers - Sony, Sharp and Kyocera - in a global market dominated by Apple, Samsung Electronic and Chinese rivals.

According to the reports, Tokyo-based Polaris Capital will take a majority stake in Fujitsu's mobile phone unit, which is valued at around 40 billion yen to 50 billion yen ($365 million to $456 million).

Polaris will aim to list the business in several years, the Yomiuri newspaper reported.

Domestic makers such as NEC Corp and Toshiba Corp have failed to gain a global presence by being overly reliant on the lucrative Japanese market, which gave them little incentive to change their Japan-specific mobile phone formats and expand overseas.

Last year, Lenovo Group agreed to buy a majority stake in Fujitsu's personal computer unit for up to $269 million.

Source: CDRinfo

Tags: Fujitsu

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

The 41 million Galaxy S8/S8+ units that the company reported it has shipped in 2017
A new survey from Loup Ventures finds Apple iPhone users are falling into a predictable upgrade cycle
The company might do away with the Android Wear moniker in favor of “Wear OS”
But still no third-party Lightning to USB-C cables
Jolla confirmed Sailfish OS will now be supported by another Sony smartphone
A complete line of accessories will be available of $1,899.99
The Snapdragon 700 Series will allow you to capture content during the day and night
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /

News Archive



Do you use microSD card with your phone?
or leave your own version in comments (6)