Subscribe to this page now.

UTStarcom selling US cellular phone division

07/01, 4:25pm

UTStarcom sells handsets

Budget cell phone maker UTStarcom will sell its cellular handset distribution division to an investment group primarily owned by AIG Vantage Capital. UTStarcom bought the handset operation from Audiovox less than four years ago and supplies more than 20 mobile carriers, posted a net loss of $195.6 million in the last fiscal year. The sale is part of a restructuring effort and follows the company's announcement to sell its Mobile Solutions Business Unit earlier this year.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    IDrive cloud backup and sync service

    There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

    Asus Chromebook C300

    When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

    Plantronics BackBeat Pro Bluetooth headphones

    Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News