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by Scott on June 23, 2006
Now, those smiles have turned upside down and Nokia and Sanyo have gone their separate ways. The pair announced yesterday they are no longer interested in this JV idea, and that Nokia will not go into the CDMA market any further. The Finns said about the breakup:
"In addition to an already financially prohibitive CDMA ecosystem in general, recent developments may indicate that the CDMA emerging markets business case is looking more challenging."
The firm said that abandoning this deal would provide a positive financial bump, and that it will wind up CDMA business by April of next year.
Permalink: Sanyo and Nokia Call Off CDMA Wedding
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Vote for Sanyo and Nokia Call Off CDMA Wedding:
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Rating: 6.00 out of 1 vote(s) cast.
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Response from:
Mewslee37
(06/24/06 2:33am)
Response from:
Tike
(06/24/06 8:50am)
I think it was predictable, because of Nokia's leadership position on world market.
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