Japan's NEC to sell mobile unit for 70-80 billion yen: sources

TOKYO (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 are vying for the 51 percent stake NEC Corp is putting up for sale, and a buyer may be picked as early as next week, the industry and financial sources told Reuters. The sources declined to be identified because of the confidential nature of the deal. ...

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