Japan’s NEC in talks to sell phone unit to Lenovo: Report

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Lenovo does not seem to be the only company NEC is talking to about a possible deal; it is also in talks with several potential domestic buyers.

NFC told Tokyo stock exchange on Friday that it has not made any decision till now.

“Japanese phone makers have struggled to gain traction overseas in markets dominated by Samsung Electronics Co Ltd and Apple Inc where they are also being challenged by upcoming Chinese makers. In Japan, the two foreign giants are whittling down their share of cell phone sales,” Reuters noted in the report.

NFC has earlier cut its mobile sales target to 4.3 million from 5 million for the year ending tomorrow, i.e. March 31.

In addition to its phone unit, NEC is also looking for potential buyers for its mobile services subsidiary NEC Mobiling Ltd for as much as $850 million, as earlier reported in Reuters.


Post Author: Gaurav Shukla

Gaurav Shukla is the editor of AndroidOS.in. If you'd like to reach him, drop an email at 'gaurav@androidos.in' or connect with him on Twitter (@gauravshukla).

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