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Old 12-07-2008, 11:54 AM   #1 (permalink)
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Default SE plans to aquire spice mobiles.

It is being reported that Sony Ericsson is in talks to buy India based handset manufacturer, Spice Mobile. The company is currently a subsidiary of the BK Modi group and sells phones under the Spice brand.

BK Modi controls 64% of the handset manufacturer and is understood to be looking for a sale which would value the company at around US$164 million - which is about three times its current stock market valuation.

A top source in the Spice group confirmed to The Economic Times that while talks were on, the deal had not been finalised. The source also added that initially, Spice Mobile had approached Sony Ericsson for a "wide-ranging collaboration and partnership", but as the talks progressed, it was felt that an acquisition would suit both companies better. “If Sony Ericsson were to acquire more than 50% in Spice Mobile, it will have to make an open offer as per our regulations. They want to acquire a majority stake, but it has not yet been finalised if it will be a 100% buyout,” the source added.


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Old 12-07-2008, 11:56 AM   #2 (permalink)
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Default Re: SE plans to aquire spice mobiles.
cool.
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Old 12-07-2008, 12:47 PM   #3 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Quote:
Originally Posted by IT Idiot View Post
cool.
Not again..
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Old 12-07-2008, 12:59 PM   #4 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Spice is selling itself completely.
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Old 12-07-2008, 01:06 PM   #5 (permalink)
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Default Re: SE plans to aquire spice mobiles.
OMG! Preity Zinta with Hrithik Roshan.
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Old 12-07-2008, 01:46 PM   #6 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Wat bout priyanka?

So any other significance of dis deal..
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Last edited by Sumeet_naik; 12-07-2008 at 01:47 PM. Reason: Automerged Doublepost
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Old 12-07-2008, 02:02 PM   #7 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Well yea. Spice has its own manufacturig plant in India which will then be captured by SE, and we will have cheaper SE phones in India.
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Old 12-07-2008, 02:12 PM   #8 (permalink)
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Default Re: SE plans to aquire spice mobiles.
One gr8 news, dis is turning out to be..
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Old 12-07-2008, 02:17 PM   #9 (permalink)
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Default Re: SE plans to aquire spice mobiles.
great news
I think this is a move to counter nokia.
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Old 12-07-2008, 03:29 PM   #10 (permalink)
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Default Re: SE plans to aquire spice mobiles.
good idea...
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Old 12-07-2008, 03:35 PM   #11 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Quote:
Originally Posted by Pathik View Post
OMG! Preity Zinta with Hrithik Roshan.
Preity? Preity is BSNL's brand ambassador.

Quote:
Originally Posted by Sumeet_naik View Post
Wat bout priyanka?

So any other significance of dis deal..
Priyanka is no longer with Spice, Katrina Kaif is the new brand ambassador.
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Old 12-07-2008, 09:06 PM   #12 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Spice is purchased already by Idea telecoms
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Old 12-07-2008, 09:10 PM   #13 (permalink)
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Default Re: SE plans to aquire spice mobiles.
^^thats spice service provider..here its spice the mobile manufacturer. they are under the same roof tho..
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Old 14-07-2008, 12:35 AM   #14 (permalink)
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Default Re: SE plans to aquire spice mobiles.
cheaper mobiles from SE!!! that means cheaper mobiles from other manufactures!!!
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Old 14-07-2008, 12:41 AM   #15 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Quote:
Originally Posted by dreamcatcher View Post
^^thats spice service provider..here its spice the mobile manufacturer. they are under the same roof tho..
yeah... they are almost like "Idea Spice". Somewhat like the WIntel of the 1990s.
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Old 14-07-2008, 06:57 AM   #16 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Spice makes good products.

They shouldnt sell out..
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Old 14-07-2008, 09:31 AM   #17 (permalink)
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Default Re: SE plans to aquire spice mobiles.
^^ Good producs?
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Old 14-07-2008, 09:55 AM   #18 (permalink)
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Default Re: SE plans to aquire spice mobiles.
its having the worst connection here in Bangalore.
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Old 14-07-2008, 03:40 PM   #19 (permalink)
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Default Re: SE plans to aquire spice mobiles.
SE is actually trying to build up more customer base in India.....
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Old 17-07-2008, 10:53 PM   #20 (permalink)
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Default Re: SE plans to aquire spice mobiles.
Quote:
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^^ Good products?
yes sir, compare the build quality of Spice D88 and Nokia N80. and im not talking about the N80 made in europe
Last edited by W i d e S c r e e N; 17-07-2008 at 10:58 PM.
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