Motorola Lands $1.6 Billion Chinese Handset Deal
14th Nov 2006, 03:49 GMT
In a major boost for the world's number two maker of mobile handsets, Motorola said Monday it landed a deal worth $1.6 billion to sell mobile phones in the Chinese market. Motorola said it would supply handsets to China Telling Communications, which is based in Shenzhen. The deal calls for Motorola, which trails Nokia for the worldwide market share lead, to deliver some 12 million phones in 2007. The deal should aid Schaumburg, Ill.-based Motorola's bid to become a major player in the fast-growing Chinese market. Free E-Mail News Alerts from ECT News Network Keep up with the latest breaking business and technology news from ECT News Network. Receive real-time alerts as stories break -- or a daily version dispatched once each day. Easily add or eliminate keywords and modify service right from your inbox. Target your news today!
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