Disqus
South Korea’s third largest phone maker, Pantech, announced that Qualcomm would become a minority shareholder in Pantech Co. Ltd. and Pantech & Curitel Communications Inc. The move comes as a result of Pantech’s plan to convert portion of its debt into equity.
Qualcomm won’t take an active role in the company management, and will get no more than 15% of Pantech’s common shares. According to Qualcomm Korea’s Dr. Cha Young Koo “this conversion will create a stronger platform on which Pantech can continue to build its prior successes in developing unique and innovative products.”
Pantech sits in the shadow of two other Korean handset makers – LG and Samsung, and in that sense plans to further push handset shipments to Japan and the U.S. We’ll see how that goes…
[Via: Unwired View]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
