July 27, 2007 / 5:47 AM / 13 years ago

Japan's Sanyo to sell cellphone sales unit -Nikkei

TOKYO, July 27 (Reuters) - Struggling Japanese electronics maker Sanyo Electric Co. Ltd. 6764.T will sell its cellphone sales unit in a deal likely worth up to 10 billion yen ($85 million), the Nikkei business daily reported on Friday.

The unit, Telecom Sanyo, operates 60 stores in Japan and serves as a sales agent for NTT DoCoMo Inc. (9437.T) and other mobile operators. It sells handsets made by Sanyo as well as other cellphone producers, the newspaper said.

Sanyo, which has been selling off businesses as part of its restructuring, will likely hold an auction for the unit and Telepark Corp. (3738.T), NEC Mobiling Ltd. 9430.T and Marubeni Telecom Co 9447.T are expected to make bids, the Nikkei said.

No one at Sanyo was immediately available for comment.

((Reporting by Nathan Layne; Reuters Messaging: nathan.layne.reuters.com@reuters.net; +81-3-3432-8231; nathan.layne@reuters.com)) Keywords: SANYO CELLPHONE/

TOKYO, July 27 (Reuters) - NTT DoCoMo Inc. (9437.T), Japan’s largest mobile phone operator, will cut its basic fees for family calling plans by half to match a price cut by KDDI Corp. (9433.T), the Nikkei business daily reported on Friday. DoCoMo will offer the discount rate from September to customers that sign up to a family plan for two years and agree to a cancellation charge of 9,975 yen, the newspaper said.

Earlier this month, KDDI said it would cut its monthly basic fee for wireless service by half from September to customers who sign a 2-year contract.

Softbank Corp. (9984.T) followed suit with its own cut, sparking concerns among investors over an escalating price war.

((Reporting by Nathan Layne; Reuters Messaging: nathan.layne.reuters.com@reuters.net; +81-3-3432-8231; nathan.layne@reuters.com)) Keywords: DOCOMO PRICE WAR/ . Keywords: SANYO CELLPHONE/ =2

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