UPDATE 1-Fujitsu to sell mobile phones in India, China – Nikkei

Dec 23 (BestGrowthStock) – Japanese electronics manufacturer
Fujitsu Ltd (6702.T: ) is set to release its smartphones in India
and China in 2011 and 2012, in an effort to penetrate the
overseas mobile market, the Nikkei business daily reported.

The company’s offerings will include models compatible with
Long Term Evolution (LTE) next-generation cell phone services
capable of quick data transfers, President Masami Yamamoto told
the newspaper.

Fujitsu hopes to sell 10 million phones by fiscal 2012, 60
percent more than fiscal 2010 estimates, according to the
business daily.

The company integrated its cell phone operations with
Toshiba Corp’s (6502.T: ) in October, becoming the No. 2 player
in the domestic market with a nearly 20 percent share.

It plans to make the joint venture with Toshiba a wholly
owned unit during fiscal 2011, the Nikkei reported.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Roshni
Menon)

UPDATE 1-Fujitsu to sell mobile phones in India, China – Nikkei