NEC Looking to Sell Its Cell Phone Business
NEC is ready to exit the cell phone business. According to sources cited by Reuters, the Japan-based company may divest its cell phone business to Lenovo, with which it already has a business relationship. Lenovo, headquartered in China, has been clear about its ambitions in the mobile phone space, but has yet to field a successful device outside its home market. "Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided," said NEC in a statement. The company is also exploring a sale to a firm located in Japan, reports Reuters. NEC's handsets are generally sold only by Japan's mobile network operators, such as NTT DoCoMo and Softbank.
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