Videocon Rings Motorola
April 2nd, 2008
India’s leading electronic and consumer goods company VEDEOCON is looking to buy out the Motorola’s mobile business.
As per the leading news papers and the business news channels in India the company has already has appointed words top three investment bankers to convey the companies interest to buy out the mobile business.
Vedeocon which operates the retails chain with more than 1000 outlets under NEXT brand and also started its GSM business with over 6000 core investment.
Right now the Indian mobile market need 120 million units a year and growing demand every day.
Motorola has the market share of around 14% in global headset market just behind SAMSUNG and Nokia