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  • Sanyo to Sell Handset Retail Division

    According to the Nikkei, via Reuters, Sanyo Electric will unload its handset sales unit in a deal that could be worth up to 10 billion yen ($85 million). Telecom Sanyo operates 60 retail stores in Japan and serves as a sales agent for DoCoMo and other mobile operators. It offers handsets made by Sanyo as well as other mobile phone producers, the newspaper said.

    Sanyo, which has been selling off businesses as part of its restructuring, will likely hold an auction for the unit and Telepark Corp., NEC Mobiling Ltd. and Marubeni Telecom Co. are expected to make bids. No one at Sanyo was immediately available for comment.

    Posted: 30 July 2007 | Filed: Japan Market, Sign of the Times | Feedback | Print |
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