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Sony Ericsson in Talks to Buy Indian Mobile Phone Manufacturer |
tranced
Joined: Jan 19, 2006
Posts: > 500
From: Santo Domingo, wonDeRland
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It is being reported that Sony Ericsson is in talks to buy India based handset manufacturer, Spice Mobile. The company is currently a subsidiary of the BK Modi group and sells phones under the Spice brand.
BK Modi controls 64% of the handset manufacturer and is understood to be looking for a sale which would value the company at around US$164 million - which is about three times its current stock market valuation.
A top source in the Spice group confirmed to The Economic Times that while talks were on, the deal had not been finalised. The source also added that initially, Spice Mobile had approached Sony Ericsson for a "wide-ranging collaboration and partnership", but as the talks progressed, it was felt that an acquisition would suit both companies better. “If Sony Ericsson were to acquire more than 50% in Spice Mobile, it will have to make an open offer as per our regulations. They want to acquire a majority stake, but it has not yet been finalised if it will be a 100% buyout,” the source added.
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WhiteEye
Joined: Jun 20, 2006
Posts: > 500
From: Jakarta, Indonesia
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SE planning to by other company? I thought they are in trouble before.
from my observations, sometimes it's better off not knowing. |
justin25
Joined: Mar 29, 2007
Posts: 138
From: Hong Kong
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Coz the cost to made fone in China is uprising,
it's time to find other countries' factories which are lower costs
First  : K750i, now keep on using  W800i & W810i | J230i as 2nd phone | Z300i for Mum | K610i for GF But won't buy anymore as no amazing phone after W900i (Except Japan SE phone) C905?  |
totalgsm
Joined: Jan 12, 2007
Posts: > 500
From: totalgsm.org
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Spice is not a mobile phone manufacturer, they are Service Providers like Vodafone and T-Mobile.
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Fanofmodi
Joined: Jan 03, 2008
Posts: 191
From: Hindustan
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Spice is not only a service provider but also a phone manufacturing company located in chennai india. The worlds first micro disk player mobile phone was made by it this year. |
Intrigue
Joined: Jun 19, 2008
Posts: 31
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What the hell SE. :/ |
carkitter
Joined: Apr 29, 2005
Posts: > 500
From: Auckland, NZ
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On 2008-07-11 16:45:00, WhiteEye wrote:
...I thought they are in trouble before.
Goes to show you shouldn't believe everything you read on the internet. 
On 2008-07-12 04:22:46, justin25 wrote:
Coz the cost to made fone in China is uprising,
it's time to find other countries' factories which are lower costs
Quite right! 
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mikeb
Joined: Nov 12, 2002
Posts: 98
From: Sweden
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On 2008-07-11 16:45:00, WhiteEye wrote:
SE planning to by other company? I thought they are in trouble before.
SE are not in trouble (unless you are an analyst that is).
They are profitable, they have a large cash pile (even larger now they sold their Symbian stake to Nokia) and are selling well (despite a recession).
So why all the fuss in the media ? As usual, you are only as good as your last quarter and SE had a quarter that was not as good as expected + issued a profit warning that Q2 would also be lower than expectations.
Note: they did not announce a loss, they did not announce cash flow problems, they announced that their earnings + profit will be lower than expectations.
Of course if analysts had more realistic expectations.......
On the bright side, a year from now analysts will be singing praises for SE. They will be comparing Q1 + Q2 2009 to Q1 + Q2 2008 and because Q1 + Q2 2008 was lower than expected, it will make Q1 + Q2 2009 look higher than expected and thus SE will have higher growth than expected (assuming of course SE is back on track).
And people wonder why the business cycle is so up and down |
@ftyk
Joined: Apr 20, 2008
Posts: 139
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i think it's a stupid move on se's part & i say this because india is going through an inflation crisis, the likes of which india has never seen before, which is probably why the modi group is selling spice.
i also think cdma indian giants like reliance & tata will make sure the indian government gives se a hard time on their soil as both reliance & tata are in close conjunction with nokia.
btw, so will the new se phones now have a "made in india" tag on the back???
[addsig] |
jmcomms
Joined: Mar 12, 2002
Posts: > 500
From: Jonathan Morris
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Surely SE should be working on its tie-up with Sagem. They're still to produce anything and everytime I ask SE, I get told to 'watch this space'. Apparently we'll see some really good low-end products later this year, but I am starting to wonder!
Jonathan Morris
Editor, What Mobile magazine - the UK's leading mobile phone magazine
www.whatmobile.netforum.whatmobile.net
Twitter @jmcomms |
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Posted: 2008-07-11 15:54
jay0726 | 
W800i & W810i | J230i as 2nd phone | Z300i for Mum | K610i for GF
