Nokia and Sanyo are teaming up to help capture more of the CDMA market. While Nokia is the worldwide market share leader, they have issues in the with CDMA. A new, yet unnamed, company will form out of the partnership. It will be based in San Diego as well as Osaka and Tottori, Japan.
The deal is expected to finalize in Q2 and start up for business in Q3. No word on when new handsets can been expected to start shipping.
It is expected that the new company will benefit by combining both parties' CDMA businesses to achieve a leading position within the global CDMA mobile phones market. Nokia brings to this resulting entity the strength of its world-renowned brand, demand supply expertise, a solid entry-level and mid-range CDMA mobile phones product portfolio and well-established relations with over 60 CDMA carrier customers around the globe.