Fujitsu considering options amid ongoing speculation of mobile phone business sale

Having separated its mobile phones business into its PC and mobile Ubiquitous Solutions unit in February, Fujitsu has revealed this week that it is considering its options over a potential sale, having gained interest from multiple potential partners.

In a report by Nikkei Asian Times, the Japan-based company has apparently attracted significant interest from both Tokyo’s Polaris Capital Group and the UK’s CVC Capital Partners, amongst others, with both investment funds looking to cut a deal with Fujitsu over its mobile phone branch.

See Also:

It is understood that Fujitsu will stop manufacturing and developing phones once the business is sold, but will retain a stake in the business with the aim of maintaining the Fujitsu brand in the mobile phone industry.

In response to the speculation, Fujitsu issued a statement clarifying that the Nikkei report was not based on any company release, and that the mobile phone branch “is currently considering various possibilities, including business alliances with other companies,” but Fujitsu “has not yet made a decision”.

It is expected that bidding for the company may begin as early as September and could lead to a multimillion dollar deal for the franchise.

The speculation regarding the sale of its mobile phone franchise comes at a time when the company continues its negotiations with Lenovo over the PC side of Ubiquitous Solutions, with the aim of potentially selling the computer segment to the Chinese multinational.

Share

Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology