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KTFT Slips Through LG's Fingers

Jun 15, 2006, 12:42 PM by (staff)

LG's attempted buyout of KTF Technologies has failed. The two companies have been in negotiations since LG announced its intention to buy out the handset manufacturing arm of KT Freetel in March. However in filings today both said they are were not able to come to an agreement on price and other terms. LG is third largest handset manufacturer in Korea and was most likely attempting to acquire KTFT to reclaim its number two spot rather than for any specific technological or financial benefits. KTFT manufactures a number of handsets for UT Starcom.

Reuters »

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Comments

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This forum is closed.

wacko_javo

Jun 15, 2006, 1:15 PM

Mistake..?

"LG is third largest handset manufacturer and Korea and was most likely attempting to acquire KTFT to reclaim its number two spot rather than for any specific technological or financial benefits." 👀

shouldn't it say "LG is third largest handset manufacturer IN Korea..." ??????

Rich Brome

Fixed. Thanks!

In the future, please use the "Contact Us" link on the left to reach us directly. It's much faster than a comment we might not even see.

https://www.phonescoop.com/site/contact.php?q=11&src=q »

muchdrama

Jun 15, 2006, 12:48 PM

Vanity thy name is...

What exactly is the point of this? Just to reclaim the #2 spot? No wonder companies become bloated.

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