UPDATE 1-Japan's NEC to sell mobile unit for 70-80 bln yen - sources

Newswire

TOKYO, March 26 (Reuters) - Japan's NEC Corp will sell its mobile services subsidiary NEC Mobiling Ltd for 70 to 80 billion yen ($742 million - $848 million), sources said on Tuesday, as the company sheds non-core assets after two years of losses. Marubeni Corp's telecommunications unit and TD Mobile, a joint venture between Toyota Tsusho Corp and Denso Corp, are vying for the 51 percent stake and a buyer may be picked as early as next week, the industry ...

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