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08:28 February 14th, 2006

Sanyo, Nokia launch 3G phone JV

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Posted by: Reuters Staff
Tags: Uncategorized

 Nokia and Sanyo Electric Co. on Tuesday said they plan to form a joint venture to develop and make mobile phones for the CDMA standard, Yukari Iwatani Kane and Nathan Layne report from Tokyo. ”You could almost characterize it as a partnership of two weaknesses,” said Nick Ingelbrecht, an Australia-based analyst for Gartner.

The JV is likely to be located in California and Japan and will make phones for the dominant 3G telecoms service in the U.S. and parts of Asia, Dan Sloan reports in video.

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