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Sanyo Sells Off Mobile Sales Business

Sep 17, 2007, 8:04 AM by (staff)

Sanyo Electric Company has agreed to sell its mobile phone sales business to a mobile phone retail company called Telepark. The mobile phone sales division is responsible for selling and provisioning phones to customers. It is not the unit that manufactures phones, which is still for sale separately. Sanyo is in the midst of a major restructuring and the sale of the loss-generating mobile phone sales unit will help it focus on its core businesses. Telepark paid $41.6 million for the handset sales division. The mobile phone sales business was a small unit of Sanyo's overall business, amounting to just 2% of Sanyo's revenues.

Wall Street Journal »

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Comments

This forum is closed.

This forum is closed.

xjittianx

Sep 18, 2007, 4:09 PM

Kyrocera

I wonder if that impacts Kyrocera at all with there interest in it's in Sanyo's mobile handset division?

Ghosthendrikson

I believe I heard Kyocer was in "in talks" or "examining the possibility" of purchasing Sanyo's cellphone MANFUCATORING arm.

tuolumne

Sep 17, 2007, 12:42 PM

2%?

All the morons who've been running their mouths for years about Sanyo's mobile phone buisiness "saving the ship" and "being profitable"...well get a clue.

SCTelephoneMan

Sep 17, 2007, 8:28 AM

Not right

Sanyo has just sold the sales end of things to Telepark, not the hardware business. Check Engadget.

SCTelephoneMan

The story is corrected...thanks PhoneScoop!

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