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Fujitsu putting mobile phone business on the block

Latest Japanese player to exit field as foreign rivals eat up market share

Fujitsu looks to stop making and developing mobile phones, as global leaders continue to make bigger strides into the Japanese market..

TOKYO -- Fujitsu is looking to offload its mobile phone operations, becoming the latest casualty of growing competition in the once highly lucrative market, where Japanese players are finding it increasingly difficult to keep up with global giants.

The information technology company's mobile phone operations have apparently drawn interest from investment funds such as Tokyo-based Polaris Capital Group and CVC Capital Partners of the U.K. Chinese personal computer maker Lenovo Group, smartphone heavyweight Huawei Technologies and Taiwan's Hon Hai Precision Industry, better known as Foxconn, are also thought to be contenders.

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