NEC selling phone unit to Lenovo?

Andre Yoskowitz
30 Mar 2013 17:04

According to sources, Japan's NEC is in talks to sell their mobile phone unit to China's Lenovo.

Additionally, the company is speaking with potential domestic buyers.

The division has been a heavy loser in the last few years, and it appears NEC is trying to slim down to remain more profitable.
"Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided," NEC said in a statement.

For the fiscal year, NEC shipped 4.3 million phones. It is unclear how much the division could fetch in a sale.