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Matsushita ties with Lucent, Nortel on 3G mobiles
Posted: 29-Nov-2000 [Source: Reuters]

[Dominant cell phone maker in Japan continues to expand its global market share.]

Tokyo -- "Japan's Matsushita Electric Industrial Co Ltd said on Wednesday it would work with U.S.-based Lucent Technologies Inc (NYSE:LU - news) and Canada's Nortel Networks Corp (Toronto:NT.TO - news) on third-generation wireless technologies.

"The move is in line with a strategy mapped out by Matsushita, the world's largest consumer electronics group, to boost its global market share of cellular phone handsets to 15 percent by 2004 from 5.5 percent as of the end of June.

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