Saturday, March 1, 2008

Mitsubishi Exits Mobile Handset Business

Mitsubishi Electric has decided to no longer continue its mobile handset business in Japan. The company said it will strategically shift resources to its other communication-related businesses, including next generation network (NGN) related equipment and base stations.

Mitsubishi Electric started supplying car phones in 1983 to NTT. In recent year, it has been a supplier to NTT DoCoMo.

Mitsubishi Electric had previously forecast shipment of approximately 2.1 million handsets in fiscal 2008 (April 1, 2007-March 31, 2008).

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