Matsushita Electric to Reorganize Overseas Mobile Phone Operations
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Osaka, Japan – (NYSE: MC) Matsushita Electric has said that one of its subsidiaries, Panasonic Mobile Communications (Panasonic Mobile), will phase out overseas 2.5G GSM mobile terminal operations due to severe global competition. By concentrating resources into next-generation mobile terminal technologies, as well as unifying platforms and core technologies for the Japanese and overseas markets, Panasonic Mobile aims to improve development efficiency and product competitiveness. Sales and service activities for the current GSM products will continue.
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