Toshiba, Fujitsu to merge cell phone business

Toshiba and Fujitsu said they will merge their mobile phone businesses in Japan to create the nation's second-largest mobile phone maker. The step would create the nation's number-two mobile maker with a 18.7 percent share of the domestic market after the industry leader Sharp, which has a 26.2 percent share. Fujitsu and Toshiba plan to sign a final contract at the end of July.

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