NEC, Casio, and Hitachi agree to fusion mobile phone operations
by admin on Sep.18, 2009, under NEC
NEC, Casio, and Hitachi announced today that the three electronics giants would be merging their mobile phone operations. The new joint venture is expected to launch in April 2010.
The new entity will be called NEC Casio Mobile Communications and will be headed up by NEC. NEC will own a 66% stake in the new company and Casio and Hitachi will have 17.34% and 16.66% respectively.
