NEC, Casio, Hitachi to merge mobile phone ops
TOKYO, Sept 14 |
TOKYO, Sept 14 (Reuters) - Japan's NEC Corp (6701.T) will merge its cellphone operations with a joint cellphone venture held by Casio Computer Co (6952.T) and Hitachi Ltd (6501.T) to save development and manufacturing costs, the three firms said on Monday.
NEC would hold 70.74 percent in the new mobile phone venture, while Casio would hold 20 percent and Hitachi 9.26 percent, they said.
(Reporting by Mayumi Negishi)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters