Fujitsu to sell mobile phone operations, Lenovo among potential buyers

A logo of Fujitsu is pictured at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2016 at the Makuhari Messe in Chiba, Japan, October 3, 2016. REUTERS/Toru Hanai/File Photo

Fujitsu Ltd is looking to offload its mobile operations as the Japanese information technology company faces stiff competition from bigger rivals in a highly lucrative mobile phone market, the Nikkei business daily reported.

The company, which spun off its mobile phone operations into a separate company last February, has drawn interest from investment funds including Tokyo-based Polaris Capital Group and Britain’s CVC Capital Partners Ltd, as well as Chinese personal computer maker Lenovo Group Ltd, the Japanese newspaper added.

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