NEC Corp In Talks To Sell Mobile Phone Unit To Lenovo Group Ltd-Reuters

Friday, 29 Mar 2013 01:10am EDT 

Reuters reported that NEC Corp is in talks to sell its struggling mobile phone unit to its personal computer venture partner Lenovo Group Ltd. NEC is also in talks with potential domestic buyers. NEC has until now said its mobile business is an important part of its overall operations. But after two years of losses the company is shedding assets to bolster profitability. 

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