Sony Ericsson may acquire Spice Mobile

Posted by Rajat Agrawal | July 10th, 2008

Sweden-based Sony Ericsson, the world’s fourth largest cellphone vendor, is in talks to acquire India-based Spice Mobile, reports the Economic Times. Spice Mobile, a BK Modi company, has a range of GSM and CDMA handsets under the Spice brand. The company had announced a sub-$20 phone devoid of a display screen in February at the Mobile World Congress.

Spice Mobile has a market capitalisation of round Rs 177 crore with its shares closing at Rs 22.7 on Thursday on the Bombay Stock Exchange. However, Modi is looking for Rs 80 - 100 per share, which values Spice Mobile at around Rs 700 crore. Modi had last month exited his other telecom entity, Spice Telecom, a carrier operational in two circles of Punjab and Karnataka.

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Filed under: Corporative, Market
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5 responses to “Sony Ericsson may acquire Spice Mobile”

Comments

  1. Chris says:

    I thought SE fell to 5th? LG took 4th place. I read that in a local paper and found it on this site: http://internetcommunications.tmcnet.com/topics/broadband-mobile/articles/29786-cell-phone-market-leaps-forward-yet-motorola-struggles.htm

    1:14 am on 7/11/08
  2. sony ericson says:

    I think this is best thing that sony ericsson acquire spice mobile, in this way they can easily boost theirproduct distribution.

    5:07 am on 7/11/08
  3. Michell says:

    Chris,
    It’s said that Motorola fell to fifth place, so I based it on that.

    7:39 am on 7/11/08
  4. Prasanth says:

    i believ this is one of the best opertunity for sonyericsson  to get a head of all manufacturers
    1000 + hotspot retails stores  which can be exclusive sony ericsson shops… wow that will make a huge difference..

    8:00 am on 7/11/08
  5. Chris S says:

    hmmm india huh? that could be one hell of an aquisition

    7:00 pm on 7/11/08

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