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Panasonic Corp to Reallocate Operating Resources of Mobile Phone Business - MSN Sankei

Thursday, 26 Sep 2013 03:39am EDT 

MSN Sankei reported that Panasonic Corp will review the mobile phone business of Panasonic Mobile Communications Co., Ltd. (PMC) under AVC Networks Company (AVC), and strategically reallocate the ICT operating resources of PMC, such as its mobile communication technology, to new business areas and ares of growth within AVC. Specifically, the development of new products for the B2C smartphone market (careers in Japan) from the second half of this fiscal year will be suspended, and the operating resources will be strategically reallocated mainly to the development of platform technology shared within AVC and to the development and promotion of new businesses, including the business for smart phones for the B2B market, an area where growth is expected. 

Company Quote

0.085 +0.67%
26 Nov 2014