April 2, 2008

Videocon eyes Motorola phone business

According to the FT, Videocon, the Indian electronics group, has made an approach to Motorola to buy the handset business of the troubled US telecommunications group.

"Venugopal Dhoot, chairman of Videocon, told the Financial Times that the company submitted an unsolicited “expression of interest” to Motorola on Monday.

He did not disclose details on how much Videocon, the leading Indian television company, might bid for the handset business. "

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