国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

TCL, Alcatel to jointly design, make cellphones
(Agencies)
Updated: 2004-04-27 14:44

Alcatel SA is to exchange its mobile phone handset operations for a minority stake in a joint venture with TCL Communication Technology Holdings Ltd, the companies announced Monday.

The move will allow TCL to expand outside its native China and Alcatel to off-load a loss-making division.

The joint venture will absorb Alcatel's loss-making cellular handset business, including 600 research, development, sales and marketing staff, under the terms of the preliminary deal signed by the companies.

In addition to the handset business, Alcatel, in Paris, will also provide an unspecified cash payment to take the total value of its contribution to 45 million euros (US$53.2 million), for which it will get a 45 percent share in the venture.

TCL, one of China's top two cellular handset manufacturers, will contribute 55 million euros in cash and take a majority 55 percent stake.

The companies expect to finalize the deal during the third quarter, they said in a joint statement. It will be subject to shareholder and regulator approval.

The new company, which has yet to be named, will sell telephones under the Alcatel brand name.

Close