Just In
- 13 hrs ago OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
- 14 hrs ago iQOO Z9 Turbo Launched in China: Snapdragon 8s Gen 3, 16GB RAM, and More
- 15 hrs ago iQOO Z9, Z9x Launched in China: 6000mAh Battery, iQOO 12 Inspired Design, 50MP Camera, & More
- 16 hrs ago HMD Branded First Set of Android Smartphones Are Here!
Don't Miss
- Finance JPMorgan CEO Jamie Dimon Hails PM Modi's Economic Reforms, Urges US to Follow Suit; Details
- Movies Do Aur Do Pyaar Box Office Collection Day 6: Vidya-Pratik's Rom-Com Remains Steady; Crosses 3 Cr Mark
- Sports FIDE Candidates Champion D Gukesh Returns To Hero's Welcome In Chennai
- News Illegal Streaming Of IPL Case: Mumbai Police Issues Summons To Actress Tamannaah
- Automobiles New Features Of The Ultraviolette F77 Mach 2: Uniting Performance, Safety, And Technology
- Lifestyle When Will Vaishakh Month 2024 Start? Vrats And Festivals That Will Fall This Month, Complete List!
- Education JEE Main Result 2024 Out, Telangana's 15 Toppers Shine, Check Statewise List of 56 Candidates with Perfect 100
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
Micromax Eyes at South Korean Smartphone Maker Pantech's Shares
Micromax, India's second largest smartphone seller has been phenomenally expanding in the global market. However, the company has not been able to beat Samsung in the home ground. The company has already started operating in the Russian market and now the latest report from Reuters suggest that the India-based smartphone maker is now looking to buy a potential amount of share from the struggling South Korean smartphone maker Pantech.
The exuberant move will surely make the domestic smartphone maker a bit more potential player in the international market. However, with regards to the details about the share, the deal is still not vivid as of now. The companies have not spoken about it formally as well.
Recommended: Top 40 Worth-For-Money Smartphones To Buy This 2014
Pantech, which comes from the South Korea, has already released a number of smartphones but unfortunately it has been unable to compete with its domestic rivals Samsung and LG.
Recommended: Lenovo Vibe Z Camera Samples: Highlighted features of Rear And Front Cameras
According to the Reuters, nine creditor banks own a combined 37% of Pantech, while Qualcomm has a 12% stake and Samsung Electronics Co Ltd holds 10%. Thus it is evident that Micromax isn't the only company interested in Pantech.
But it would have made a better sense if Micromax was looking for complete buyout instead of eying at a share in the company. Micromax could have possible used Pantech's R&D resources for its future smartphones, if it was a total buyout. Things are pretty vague and unclear at the moment, but more information regarding the deal is likely to appear soon.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804