0
Mobile & Wireless

NEC to withdraw from smartphone market - report

Wednesday 17 July 2013 | 03:17 CET | News
Japanese electronics company NEC is planning to exit the smartphone market as a planned deal with China's Lenovo fell through, the Nikkei reports. NEC had been in negotiations with Lenovo since late last year, hoping to revive its mobile phone business with Lenovo, offering a majority stake in NEC Casio Mobile Communications to the company. However, the two firms could not come to an agreement. NEC, which has a market share of around 5 percent in Japan, now plans to stop development of new smartphones, including the Casio-branded phones, and focus only on conventional handsets. NEC will

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Try more access to meet your needs.

  • More frequent visitors may register for free and read up more articles. Register here
  • Very frequent users can subscribe and get unlimited access.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Lenovo / NEC / NEC Casio Mobile Communications
Countries: Japan
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

NEC to sell mobile handset unit to Lenovo - report

Published 29 Mar 2013 08:54 CET | World
NEC is in talks to sell its mobile phone unit to its personal computer venture partner Lenovo, a source familiar with the ...

Lenovo in talks about possible smartphone JV

Published 04 Jun 2013 10:57 CET | World
Lenovo said in a filing on the Hong Kong stock Exchange that it has entered preliminary negotiations with an unnamed company in ...

'NEC trekt zich terug uit verkoop smartphones'

Published 17 Jul 2013 08:52 CET | Japan
NEC overweegt om de verkoop van smartphones te staken nu een deal met Lenovo niet doorgaat, meldt de Nikkei. Het Japanse bedrijf ...

NEC to exit smartphone business

Published 31 Jul 2013 11:54 CET | Japan
NEC has announced plans to exit the smartphone market, in order to focus more on its Social Solutions business. It will continue ...





EUR 2,434 million
Mobile service revenues
Spain  |  2015 Q4