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NEC, Casio, Hitachi to merge mobile operations
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09-14-2009
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NEC, Casio, Hitachi to merge mobile operations
Japanese electronics companies NEC, Casio and Hitachi have agreed to merge their mobile-phone operations. The deal could birth Japan's second-largest handset maker by shipments behind Sharp. If all goes as planned, the integration will take place in April next year, and the companies will form a new joint venture, NEC Casio Mobile Communications -- of which NEC will own 66%, with Casio and Hitachi holding 17.34% and 16.66%.
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