UTStarcom Buys Audiovox Communications
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.
|What about Toshiba?||Xela19115||
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