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India's Videocon in Talks to Buy Motorola's Handset Division


News by Michael Oryl on Friday May 23, 2008.

motorola news · cell phone news · michael oryl

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India's Business Standard, a daily business newspaper, is reporting that India based Videocon is a "likely" to buy Motorola's ailing mobile phone division. According to the report, Videocon CEO Venugopal Dhoot said today that his company was already in initial stage talks with Motorola.

Videocon is a manufacturer of consumer goods, including computer monitors and televisions, kitchen appliances, and audio equipment. It also owns a large oil field that produces 50,000 barrels of oil per day.

Analysts currently estimate Motorola's cell phone division to be worth somewhere in the realm of US$3.8 billion. [via mocoNews]

 

mobile phones @ 6:44:06AM EDT on Friday March 19, 2010

Ya that's god deal if it's done because every one knows about videocon and its products but no one knows it manufactures mobiles if it going to buy Motorola then thi will prove better for the company

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Michael Oryl
Michael is the Philadelphia based owner and former editor-in-chief of MobileBurn.com. You can follow him on Twitter as @MichaelOryl

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