Spice Mobile has announced that it may soon partner with a leading chipset company to develop low-cost smart devices including tablets on a low-cost platform with high processor capability. With an aim to be the Apple of Asia, the BK Modi-controlled company plans to launch a lot of products such as Blueberries and touchscreen devices with interesting applications like messaging and social networking at a much lower cost. "What we are trying to do is that we want people to afford smartphones with all the applications," Dilip Modi, managing director of Spice Mobility, said. The company is also looking at acquisitions in West Asia and Africa, after recently acquiring mobile devices companies in Malaysia, Thailand and Indonesia. "We are currently evaluating acquisitions in Nigeria and South Africa. I can't disclose the names at this time. In the Middle East (West Asia), we are in discussions with one of the leading mobile retail players," he added.
While declining to reveal the names of those firms, Modi said the aim of the company is to sell 35 to 40 million handsets across the regions it is present in.
Spice Global, the parent company of the Group, is mulling overseas listing to raise around USD 1 billion.
The company advisors are working on the exact fund size.
A major part of the funds raised through listing will be used for acquisitions, Modi said.
Spice i2i, another Group company, recently acquired Indonesian mobile player Affinity Group for USD 175 million.
Modi said Affinity, which owns the local brand ''Nexian'', is in the second place in Indonesia with 21% market share in the mobile handset business next to Nokia.
Apart from contract manufacturing partnerships in Taiwan and China for mobile devices, Spice has an assembling facility at Baddi in Himachal Pradesh.
Spice Global, the parent company of the Group, is mulling overseas listing to raise around USD 1 billion.
The company advisors are working on the exact fund size. A major part of the funds raised through listing will be used for acquisitions, Modi said.
Spice i2i, another Group company, recently acquired Indonesian mobile player Affinity Group for USD 175 million.
Spice i2i, another Group company, recently acquired Indonesian mobile player Affinity Group for USD 175 million.
Modi said Affinity, which owns the local brand `Nexian'', is in the second place in Indonesia with 21% market share in the mobile handset business next to Nokia.
Apart from contract manufacturing partnerships in Taiwan and China for mobile devices, Spice has an assembling facility at Baddi in Himachal Pradesh.
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