Fujitsu, the second biggest manufacturer of Symbian based phones, and Toshiba have signed a memorandum of understanding to merge their respective phones businesses. Toshiba will transfer its mobile phone business into a new company and Fujitsu will acquire a majority of shares in the new company (suggesting Fujitsu is the dominant partner in this deal). The companies hope to take the number one spot in the domestic Japanese market, but will also be developing handsets for the world market.
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