Sanyo: JV with Nokia ended in disagreement

Sanyo is giving more color on why its short-lived joint venture with Nokia to make CDMA phones didn't pan out. According to a Sanyo spokesman, both companies had trouble making concessions in sharing patents rights and other company assets. Nokia, which has always struggled to gain meaningful marketshare in CDMA, yesterday announced the end of the JV, which the two companies announced just four months ago. Nokia also said that it was ramping down its internally developed CDMA handset operations. Sanyo is struggling from a price war in the mobile-phone market and the JV with Nokia was supposed to help it restructure. Sanyo said it will continue to pursue other business alliances.

To read more about Sanyo's comments to its ended JV with Nokia:
- check out this article from AFP