US communications giant Motorola has bought Mitsubishi Electric Corporation’s European telecommunications design team and a research centre in western France. Financial terms of the transaction were not disclosed.
The facility at Rennes, formerly belonging to the Mitsubishi subsidiary Melco Mobile Communication Europe, will now become a development centre for Motorola.
As part of Motorola, the Rennes team will initially address the 2.5G European i-mode market. Motorola also expects the Rennes team to assist in the design and development of upcoming Motorola platforms in the 3G European i-mode markets.
The deal does not include the Japanese mobile phone business of Mitsubishi or its manufacturing or supply relationships, sales and administrative capabilities.
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I _do_ remember British Rail - and that it was <i>literally</i> a national joke https://youtu.be/zV2lmSDKvO8