Submission + - Nokia to Buy Mobile Phone Base Station Business from Panasonic (nikkei.com)
jones_supa writes: Panasonic has apparently reached a basic agreement to sell its cellphone base station business to Nokia. Panasonic will part with the base station operations of subsidiary Panasonic System Networks, which include wireless control systems for communications equipment. The transaction's value is likely to be in the billions of yen. According to MCA, a Tokyo-based mobile industry research company, Japan's base station market was worth about 260 billion yen in fiscal year 2013. Nokia is the market leader with a 26% share. Since 2007, the Finnish company has had a partnership with Panasonic to develop products for NTT Docomo's LTE high-speed telecommunications services. Now Nokia intends to capitalize on Panasonic's ties with NTT Docomo to further expand its market share in Japan.