Sanyo Sells Off Mobile Sales Business
Sep 17, 2007, 8:04 AM by (staff)
Sanyo Electric Company has agreed to sell its mobile phone sales business to a mobile phone retail company called Telepark. The mobile phone sales division is responsible for selling and provisioning phones to customers. It is not the unit that manufactures phones, which is still for sale separately. Sanyo is in the midst of a major restructuring and the sale of the loss-generating mobile phone sales unit will help it focus on its core businesses. Telepark paid $41.6 million for the handset sales division. The mobile phone sales business was a small unit of Sanyo's overall business, amounting to just 2% of Sanyo's revenues.
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Comments
Kyrocera
I wonder if that impacts Kyrocera at all with there interest in it's in Sanyo's mobile handset division?
I believe I heard Kyocer was in "in talks" or "examining the possibility" of purchasing Sanyo's cellphone MANFUCATORING arm.
2%?
All the morons who've been running their mouths for years about Sanyo's mobile phone buisiness "saving the ship" and "being profitable"...well get a clue.
Not right
Sanyo has just sold the sales end of things to Telepark, not the hardware business. Check Engadget.
The story is corrected...thanks PhoneScoop!
