Motorola Lands $1.6 Billion Chinese Handset Deal
13th Nov 2006, 22:02 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. TechNewsWorld Spotlight on Security Now Available. Register here and receive your copy today!
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