Japanese electronics groups Hitachi, Casio and NEC have announced plans to merge their mobile phone operations to cut costs and become more competitive.
The three companies, which are relatively small players in the mobile phone market, will share both technology and resources.
By next year, NEC will own 71% of the new business, with Casio owning 20% and Hitachi holding a 9% stake.
The merger will create Japan's second largest mobile phone maker.
Analysts say there could be further consolidation in the competitive Japanese mobile phone market.
More: http://news.bbc.co.uk/1/hi/business/8254135.stm
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The three companies, which are relatively small players in the mobile phone market, will share both technology and resources.
By next year, NEC will own 71% of the new business, with Casio owning 20% and Hitachi holding a 9% stake.
The merger will create Japan's second largest mobile phone maker.
Analysts say there could be further consolidation in the competitive Japanese mobile phone market.
More: http://news.bbc.co.uk/1/hi/business/8254135.stm
