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Electronics Production | June 17, 2010

Fujitsu & Toshiba confirm merger of mobile phone businesses

Fujitsu Limited and Toshiba Corporation have signed a memorandum of understanding (MOU) to merge their mobile phone businesses.
According to the MOU, Toshiba will transfer its mobile phone business to a new company to be established October 1, 2010, and Fujitsu will acquire a majority of the shares in the company.

By merging their mobile phones businesses, Fujitsu and Toshiba are aiming to become the No. 1 provider of mobile phones in Japan. Collaboration in the mobile phone business will allow Fujitsu and Toshiba to strengthen their handset development platforms for the Japanese market and enable the companies to continue to create highly competitive products for their customers, the companies stated in a joint release.

Fujitsu and Toshiba plan to sign a final contract at the end of July 2010.

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