by CIO Staff

NEC, Matsushita, TI Mull Mobile Phone Tie-Up

Apr 07, 20061 min

Matsushita Electric Industrial (Panasonic), NEC, Texas Instruments and two affiliated companies are in talks concerning a possible tie-up in the field of third-generation (3G) mobile communications, a spokeswoman for one of the companies said Friday.

No other details of the talks were available from the spokeswoman, NEC’s Akiko Shikimori.

However, a report in the Friday-morning edition of the Nihon Keizai Shimbun business newspaper said the companies are discussing establishing a joint venture in Japan that would develop cellular telephone parts for the companies and also sell them to other phone makers. An agreement to form the company is expected this month, the newspaper said.

The largest shareholders in the venture would be NEC and Panasonic Mobile Communications, which would each hold about 30 percent, with the remaining split between TI, Matsushita Electric and NEC Electronics, the newspaper said.

-Martyn Williams, IDG News Service

Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.