Lenovo’s Motorola eyes China rivals’ share

BEIJING: Motorola, the mobile handset maker bought by China’s Lenovo Group Ltd from Google Inc for $2.9 billion, is optimistic about its prospects in the Chinese market, its president told Reuters.

Lenovo’s acquisition, completed three months ago, ended Google’s move into the consumer mobile handset business. The deal has turned personal computer-maker Lenovo into a challenger in the higher-end smartphone market, competing with Samsung Electronics and Apple Inc.

“The (Chinese) market itself is so big here and Motorola has no share today, so we believe that what we’re really going to succeed in doing is hopefully take some share from other people in the market,” Rick Osterloh, President of Motorola Mobility told Reuters.

Samsung to be main chip supplier for iPhone

SEOUL: South Korea’s Samsung Electronics Co Ltd will be the main supplier of processors powering Apple Inc’s next iPhone, Maeil Business Newspaper reported on Monday, citing unidentified sources in the semiconductor industry.

Samsung will be responsible for around 75 per cent of the chip production for the next iPhone, the South Korean newspaper said.

The newspaper did not say how much the contract is worth and what other company will be supplying Apple. Samsung will make the chips from its factory in Austin, Texas, according to the report.

AT&T to buy Nextel Mexico for $1.88bn

WASHINGTON: US telecom giant AT&T said Monday it would buy wireless carrier Nextel Mexico for $1.88 billion, in the second acquisition in three months in Mexico.

The move furthers AT&T’s efforts to create “the first-ever North American mobile service area covering over 400 million consumers and businesses in Mexico and the United States,” AT&T said in a statement.

The deal follows one announced in November in which AT&T revealed plans to buy Mexican wireless operator Iusacell for $2.5bn.

Published in Dawn January 27th, 2015

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