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Fujitsu in talks to sell majority stake in mobile phone unit to Polaris

Exit highlights fading presence of Japanese cell phone makers; mobile phone unit is worth $356 mn-$456 mn


Japan's Fujitsu Ltd said on Friday it was in talks about selling its mobile phone business to investment fund Polaris Capital Group, becoming the latest Japanese electronics maker to withdraw from the sector. The sale, if realised, would leave just three Japanese electronics makers - Sony Corp, Sharp Corp and Kyocera Corp - in a global market dominated by Apple Inc, Samsung Electronic Co Ltd and cheaper Chinese rivals. The potential deal calls for Tokyo-based Polaris Capital to take a majority stake in Fujitsu's mobile phone unit, which is valued at around 40 billion yen ...

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First Published: Wed, January 31 2018. 21:07 IST