Mobile Phones UK

Mobile Phones UK

Monday, March 3, 2008

Mitsubishi Electric says to exit mobile phone ops

Japanese electronics conglomerate Mitsubishi Electric Corp said on Monday that it planned to exit its loss-making mobile phone business.

The company said it expects a one-off pretax loss of about 17 billion yen ($164.1 million) in the current business year ending March 31 due to the withdrawal.

Source : http://www.reuters.com/

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