Loading ...Sony Ericsson may acquire Spice Mobile
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.
In partnership with CellPassion.com.
Filed under: Corporative, Market
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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
I think this is best thing that sony ericsson acquire spice mobile, in this way they can easily boost theirproduct distribution.
Chris,
It’s said that Motorola fell to fifth place, so I based it on that.
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..
hmmm india huh? that could be one hell of an aquisition