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Audiovox Communications Officially Sold

Nov 2, 2004, 2:24 PM by (staff)

Audiovox Corporation announced late yesterday that it has completed the sale of its cellular subsidiary, Audiovox Communications, to UTStarcom. The $165 million cash deal, initially announced in June, officially closed Monday afternoon after receiving regulatory and shareholder approval. Toshiba's former 25% stake was repurchased as part of the terms. The new company will be known as UTStarcom Personal Communications.

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Comments

This forum is closed.

This forum is closed.

jukebox2

Nov 5, 2004, 2:10 PM

What about Toshiba?

Will Toshiba be independent now ?

djshaitown

Nov 5, 2004, 11:57 AM

PPC 6600

What will happen with the Audio Vox PPC6600 Launch in December to regular consumers? Will the phone still be launched on time but with a different name on it? If anyone has any info please post.

MobileMerc

Nov 2, 2004, 4:21 PM

so long audiovox!!!

😢 we're all gonna miss you. One of the best phones I ever owned was the vx4000. Even though you haven't made anything that good ever since my heart goes out to you

jeff351

Maybe this explains what the deal is with the 9900 shortage?

...

jester2ll2

MobileMerc said:
😢 we're all gonna miss you. One of the best phones I ever owned was the vx4000. Even though you haven't made anything that good ever since my heart goes out to you

Wasn't the VX4000 made by LG?

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Maarek

There are still phones being released...

Shalam continued, "The net proceeds from today's transaction will give Audiovox Corporation substantial capital, which in turn will place us in a strong position to further enhance the Audiovox brand and ...
(continues)

...

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