Fujitsu To Sell Mobile Phone Operations Business
After rolling its mobile phone operations into a separate company in February 2016, reports have revealed Fujitsu is looking to sell the business amidst strong competition from larger rivals.
The potential sale has reportedly drawn interest from organisations as Lenovo Group and investment funds Tokyo-based Polaris Capital Group and Britain’s CVC Capital Partners.
The sale is likely to bring in offers within the realm of hundreds of millions of dollars (tens of billions of yen), with first-round bidding to open as soon as September.
Fujitsu would stop manufacturing and developing mobile phones, however, is tipped to maintain a minority stake in the business, and keep its mobile phone brand alive.