Nokia
is shelving plans to set up a CDMA factory with
Sanyo,
blaming its decision on an ongoing restructuring programme that is expected to
save the company €150m (£103m).
The two companies first announced the deal to set up a CDMA device company on
14 February 2006.
However, Nokia has decided that the terms and conditions of the proposed
partnership were not satisfactory nor in the best interests of its long-term
success.
"We feel it would not be in our best interests to make an agreement that
proved to be less beneficial than originally anticipated," said Kai Öistämö,
executive vice president for mobile phones at Nokia.
"After exploring all available opportunities and making every effort to
create a sustainable CDMA business, this is our only viable option."
The company admitted that the emerging CDMA markets were looking more
challenging than first expected.
"Nokia intends to selectively participate in key CDMA markets, with a special
focus on North America," said the company in a statement.
Nokia will also reduce its own CDMA manufacturing and research and
development by April 2007.
Aylesbury, Buckinghamshire, United Kingdom | Grass Roots
Business Analyst - £35,000 - £50,000 + benefits - Aylesbury Grass Roots are one of the Sunday Times Top 100 companies to work for (2007 and 2008). Established in 1980, we're part of the ... more >
EDM Administrator - London - £22,300 to £24,200pa The Crown Estate is a unique organisation that manages a vast and varied property portfolio, comprising commercial, agricultural and marine interests throughout Britain. We are looking for an ... more >
ICT Project Officer - Guildhall, London EC2 18-month fixed-term contract Bring your project management expertise to one of the country's most prestigious institutions. The City of London is the local authority for the Square Mile, ... more >
Central London, United Kingdom | MI5 Security Service
Communications Centre Engineer - Competitive salaries + excellent benefits - Central London Getting the best out of technology is critical to helping us protect the UK. Join MI5 and use your skills and experience to ... more >More job opportunities
Print
Discuss
Send to friend
RSS feeds
Samsung dual-mode slider phone supports CDMA and WiBro 21 Jun 2006
Art student designs phone that doubles as a picture frame 14 Jun 2006
Service now offered in Denmark, France, Italy, Norway and Spain 01 Jun 2006
del.icio.us
Digg this
reddit!
