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July 30, 2007

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.

Related posts:

  1. Sanyo Sells Handset Retail Division
  2. Kyocera Acquires Sanyo Mobile Division
  3. Sanyo Rumored to Exit Handset Business
  4. Sanyo Markets Wireless Broadband
  5. Sanyo to Exit Cell Phone Business?

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  • Mobikyo K.K. publishes Wireless Watch Japan, organizes MobileMonday Tokyo networking events and operates Mobile Intelligence study tours providing related custom research and advisory services. Mobikyo's founding directors are deeply connected with, respected by, and committed to, Japan's wireless and IT business community. Thousands of managers, planners, engineers and strategists depend on Mobikyo to learn about Japan's unique business models, technologies, contents, services, applications and hardware from the most innovative test-bed market for next-generation mobile industry. "Mobikyo" was chosen for the unique blending of Mobile and Tokyo. However, depending on the kanji character used for kyo, it could also mean association, capital, religion or today. With fantastic support from our clients, partners and affiliates in Japan and overseas, we have become the trusted source of independent market intelligence & business networking connections based in Tokyo.
  • MobileMonday Tokyo is a leading networking organization supporting Tokyo's mobile industry. We launched in September 2004, with over 70 events to-date, hosting an average 100-200 industry delegates. MobileMonday is an open platform for mobile industry visionaries, developers and industry insiders fostering cooperation and business development through live networking events to share ideas, best practices and trends from global markets. Chapters are active in over 100 cities worldwide and new locations continue to launch monthly. Founded in Helsinki, Finland, in 2000, MobileMonday is organized by a global team of 300+ volunteers and it has become the world's largest mobile community network. Details via MoMo Tokyo website
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