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In a bid to strengthen its cellular phone businesses globally, Sony Corp. said late last month that it had been in talks with Sweden's L.M. Ericsson Telephone Co. with a view to broader collaborations, which could potentially lead the two companies to form a joint venture.
The statement came after Japan's public television NHK reported last month that the companies have agreed to form a cellular phone venture in Britain by the end of this year, and the deal would be announced next week.
Later that day, Japan's leading business daily Nihon Keizai Shimbun (Nikkei) said the joint venture would cover areas such as developing, designing and marketing of cellular phones. Nikkei said Ericsson, the world's third-largest mobile phone...