Nokia and Sanyo have announced a joint venture to make mobile phone handsets, in a deal the firms anticipate will make $256 million within two years.
The companies plan to make handsets based on the CDMA2000 standard, the main format used in the US, and also target sales in Brazil, Russia, India and China, where mobile phone penetration is lower than in the US, Japan and other parts of Europe.
Operations are due to begin in July in
The collaboration aims to exploit Nokia’s dominance in the affordable handset market, combined with Sanyo’s 3G Internet and media download technology. This approach is intended to increase demand for more technically advanced phones in a near-saturated market.
The venture plans to sell 35 million handsets in the first year, Takenori Ugari, the president of Sanyo's mobile-phone business, said at a news conference in
Poll: Should the UK’s railways be renationalised?
I think that a network inclusive of the vehicles on it would make sense. However it remains to be seen if there is any plan for it to be for the...