Pantech Puts Itself Up for Sale
Pantech, based in Korea, has staked a For Sale sign in its front lawn. The company, which declared the equivalent of bankruptcy last month, is seeking a buyer to scoop up the entire business. Pantech has been facing trouble all year long. It twice sought delays in debt payments and entered into court receivership in August. The company believes it will fetch a higher price if sold as a single entity (approx. $366 million) rather than broken up and sold in pieces (approx. $181 million). Bids for the company are due in early October. Pantech found itself unable to compete with Samsung and LG, which are also based in Korea. It faced financial losses six quarters in a row, which led to its debt problems and eventual bankruptcy.
Jan 14, 2021
Samsung today officially unveiled its Galaxy S21 series of flagship phones for 2021. All three models sport a distinctive new "Contour Cut Camera" design where the metal frame extends around one corner to surround the rear cameras.
Dec 4, 2019
Qualcomm this week launched the "Snapdragon 865 and 765 Modular Platforms", which are pre-engineered and pre-certified circuit boards that include most of the critical components for a high-end 5G phone (or equivalent cellular device.) As phones have become more sophisticated and refined, the costs of developing a competitive high-end phone have become prohibitive for all but the largest companies. This new program from Qualcomm aims to level that playing field for smaller companies.
May 20, 2021
T-Mobile today announced out new small business plans called Business Unlimited. The three new options offer a better value than the existing Magenta for Business plans in several ways.
Jun 11, 2020
Dish is trying to re-negotiate its deal to buy Boost Mobile, according to reporting from Fox Business. The US Department of Justice mandated that Sprint sell its Boost prepaid business as part of the company's deal to merge with T-Mobile.
Feb 8, 2019
AT&T's marketing of a "5G E" network — which is actually 4G LTE and has nothing to do with 5G technology — now has the company in legal trouble, as Sprint is taking AT&T to court for "false advertising and deceptive acts". AT&T has been marketing "5G E" in large national ad campaigns, as well as updating existing phone software to show a "5G E" indicator for 4G LTE service.
THEY SHOULD HAVE STAYED AUDIO VOX