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Matsushita and Ericsson form 3G mobile pact
Posted: 21-Sep-2000 [Source: Financial Times]

[This joint venture will begin testing 3G handsets next year as Japanese electronic firms continue expanding into the European market.]

Lindsay Whipp in Tokyo -- "Matsushita Electric Industrial, the Japanese consumer electronics group, and Ericsson of Sweden are to start testing next generation mobile phone handsets starting next year.

"Matsushita, which markets its products under the Panasonic brand name, said it hoped to test the compatibility of its handsets with Ericsson's network equipment.

"The Japanese group is the world's fifth largest mobile phone manufacturer -- with a 5.5 per cent market share - while Ericsson is stronger in telecommunications infrastructure.

"The move marks the first of what bankers expect to become a stream of cross-border alliances involving Japanese electronics groups, as the industry struggles to keep abreast of rivals overseas

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