Fujitsu to sell mobile phone operations: Nikkei

Fujitsu to sell mobile phone operations: Nikkei

Toru Hanai

The company, which spun off its mobile phone operations into a separate company last February, has drawn interest from investment funds including Tokyo-based Polaris Capital Group and Britain's CVC Capital Partners Ltd [CVC.UL], as well as Chinese personal computer maker Lenovo Group Ltd , the Japanese newspaper added.

First-round bidding could open as soon as September, and is expected to bring offers in the tens of billions of yen (hundreds of millions of dollars), Nikkei reported.

Tokyo-based Fujitsu would stop developing and manufacturing mobile phones, but looks to keep a minority stake in the business and keep its mobile phone brand alive, the report said.

(This story corrects attribution in first paragraph.)

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Stephen Coates)

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