Samsung to buy stake in rival phone manufacturer Pantech May 22, 2013 - 18:10 AMT PanARMENIAN.Net - Samsung is to buy a 10% stake in rival phone manufacturer Pantech, Digital Spy said. The Galaxy S4 maker will pay 53 billion won ($47.6 million) for the stake in Pantech, South Korea's third-largest handset maker. The deal will allow both companies to work closely, particularly in the area of smartphones, ZDNet reports. Samsung's investment makes it the third-largest stakeholder in Pantech, behind US mobile chip manufacturer Qualcomm (11.96% stake) and state-run Korea Development Bank (11.81% stake). Pantech has been struggling financially recently and currently trails behind fellow South Korean firms Samsung and LG Electronics in mobile phone sales. It has a number of devices on sale in the US through AT&T and Verizon, including its Android-run Pantech Marauder.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Turkey replacing term "Central Asia" with "Turkestan" in textbooks  The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
