Toshiba and Fujitsu Negotiate Mobile Phone Business Merger
If the merger goes ahead, Japan’s mobile phone industry will have 6 groups which is down from the 10 groups of 3 years ago. Last year Hitachi Ltd, Casio Computer and NEC Corp combined their mobile operations whit the new venture starting this month.
The chief fund manager at Ichiyoshi Investment Management, Mitsushige Akino has said, “The Japanese market is not all that big, but there are still far too many manufacturers. Consolidation will continue, even if at a slow pace.”