Nokia abandons CDMA partnership with Sanyo

Jun 22 2006 - 02:28 PM ET | Nokia, Sanyo

Nokia has put an end to the announced partnership between itself and Sanyo for the development of CDMA handsets. Announced earlier this year, the deal was was supposed to result in a whole new company to create the handsets. According to Nokia, the partnership wasn't working out to be in its best interest.

Moving forward, Nokia intends to selectively participate in key CDMA markets, with special focus on North America. Nokia plans to ramp down its own CDMA R&D and manufacturing by April 2007. Nokia is evaluating opportunities to leverage its existing CDMA product development infrastructure and assets in profitable parts of the business.

Earlier this month Nokia announced a deal with Pantech that will see two EV-DO equipped Pantech handsets rebranded under Nokia.