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October 1, 2010

Fujitsu, Toshiba merge mobile phone businesses

New entity to develop and design mobile phones

By CBR Staff Writer

Fujitsu and Toshiba have completed the merger of their mobile phone businesses to form a new company – Fujitsu Toshiba Mobile Communications.

Fujitsu acquired 80.1% stake in the new company, which will operate under Fujitsu management, and Toshiba has completed the transfer of its mobile phone operations to the new company.

The new entity with a capital of JPY450m combines the respective mobile phone know-how and technology of both companies, and will design, develop, and manage sales of mobile phones.

However, Fujitsu’s current mobile phone operations will continue to operate as a part of Fujitsu Limited.

Earlier, Fujitsu and Toshiba signed a memorandum of understanding (MOU) to merge their mobile phone businesses, followed by a definitive contract in July 2010.

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