Sony Ericsson to acquire Indian Spice Mobile, ltd
Telecom Tiger has reported that Sony Ericsson is interested to acquire 64% stake of India’s Spice Mobile, Ltd . The same source also said that SE will charge this bid at Rs.80 to Rs.100 (1.85907 USD to 2.32933 USD) per share or equal to Rs 700 crore (Rs 700 x 10 million = Rs. 7 billion).
Analyst has predicted that this acquisition is probably because Sony Ericsson want to strengthen their position in India. The reason is pretty obvious I think, they absolutely want to wrest up with Samsung for the second place after Nokia. The combination of SE-Spice Mobile handsets sales which equal to 600.000 units will outstep 450.000 units of Samsung sales. In India, SE monthly sales is 400.000 while Spice Mobile is 200.000. Now this is the point!
About Spice Mobile
Spice Mobile, Ltd. is a part of Spice Corp, a US$2 billion multi-faceted group. This company start their debut as an entry-level cell phone maker for Indian customers two years ago. Since then, Spice Mobile, ltd has been recognized as one of the India’s local cell phone manufacturer. This year, this company has heralded a new chapter in the history of Indian mobile telephony by launching the first ever DUAL MODE PHONES called D-88 this year.
Weird. They just launch it anyway.
Source: Economic Times via Telecom Tiger
Image courtesy of Spice Mobile
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