Transforming Network Infrastructure Industry News

TMCNet:  Sony set to buy Ericsson out of mobile venture

[October 07, 2011]

Sony set to buy Ericsson out of mobile venture

(City A.M. (UK) Via Acquire Media NewsEdge) SHARES in telecoms group Ericsson jumped almost six per cent yesterday after reports claimed that Japanese technology group Sony was close to buying it out of their mobile phone handset joint venture.

Sony is keen to take control of the business to combine Sony Ericsson's mobile phone technology with its own tablet computer and PSP gaming handset operations The news, reported in the Wall Street Journal, highlights how important the multi-platform smartphone has become to consumers.

Both firms had agreed to review the 50-50 joint venture after ten years. That deadline comes up this month and both sides have been talking for weeks about whether to extend it, according to sources.

Both sides declined to comment on the reported talks. "We have a longterm commitment to our joint ventures," an Ericsson spokesman said. Analysts say Sony needs to assert control over Sony Ericsson if the venture is to recoup market share in the cut-throat world of smartphones.

The venture thrived with its Walkman music phones and Cybershot camera phones, but has lost market share to rivals such as Apple.

(c) 2011 City A.M.

[ Back To Transforming Network Infrastructure's Homepage ]




Featured Blog Entries

What Fiber Mountain's Interop Recognition Means for Our Industry

When Fiber Mountain™ began its journey with a launch at Interop New York last fall, we certainly believed that we had a solution that would make a significant impact in the data center space.

What On-Board Optics Means for Density and Flexibility

This past week I read an article in Lightwave Magazine and another in Network World about the formation of the Consortium for On-board Optics (COBO), a group that seeks to create specifications and increase the faceplate density of data center switches and adapters.

Scaling Hyperscale in an Age of Exponential Growth and Virtualization

Over the past several years server, network, storage and application virtualization has revolutionized the way hyperscale data centers are built by consolidating workloads. The trend has simplified network architecture significantly and resulted in huge cost savings as well.

SDN can be the "GPS" Data Center Networks Need

Almost 30 years ago, I came to the USA to attend college, and in my early years as a student I spent every winter, spring and summer break traveling to different parts of this beautiful country.

How Fiber Mountain Future-Proofs Your Data Center

By now you most likely noticed that one of the topics I focus on continually is the problem data centers face today in meeting bandwidth needs. Until now, data centers were forced to purchase fire-breathing, million-dollar core switches to handle the growing volume of traffic, a solution that is both expensive and inefficient.

Video Showcase