Sanyo Sold Its Mobile Phone Business

Written by Kenson on September 18th, 2007
Filed under Wireless Industry News

Sanyo has agreed to sells its mobile-phone sales business to phone-retailer Telepark Corp. for 4.8 billion yen ($41.6 million).

The selloff of the mobile-phone sales unit, which accounted for less than 2% of Sanyo’s total revenue last year, doesn’t really affect Sanyo revenue wise. However, we do expect to see Sanyo starts falling in the cellular phone industry.

via wsj

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