Fujitsu to sell mobile phone operations

First-round bidding of Fujitsu's mobile phone operations could open as soon as September

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.