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UTStarcom Buys Audiovox Communications

Article Comments  3  

Jun 14, 2004, 1:00 PM   by (staff)

UTStarcom today announced it will purchase Audiovox Communications Corp. (ACC) - the CDMA phone division of Audiovox -for $165.1 million in cash. UTStarcom is currently the largest handset provider in China, specializing in PAS (Personal Access System) phones and networks. The company will continue to market phones from current Audiovox suppliers, such as Curitel and Toshiba, while adding its own handsets to the mix. Curitel had also bid to buy ACC.

more info at RCR Wireless »



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Jun 14, 2004, 1:25 PM

What about Toshiba?

Wonder what will happen to Toshiba-made phones for US carriers? Article mentioned that Audiovox will buy back Toshiba's share. Will Toshiba start selling its phones to Verizon, Sprint and others without Audiovox under the Toshiba brand? Would be nice. I'd love to see more Toshiba phones available and more often than once a year.

IMHO, Toshiba-made AVX phones were/are far superior to anything that Curiltel made. Only difference was that Curitel phones were/are very low end and Toshiba's are more on the higher end.
Very Happy "Toshiba, an ACC shareholder, has agreed to sell its 25 percent stake in ACC to Audiovox for a total of $15 million."
So the package will include selling Toshiba. You are ABSOLUTELY right- Toshiba built the 'good stuff' of the Audiovox line- for ...
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