Dual-SIM smartphone sales to hit half billion in 2016

Dual-SIM smartphone sales will reach 514 million units in 2016, increasing 19 per cent from 431 million sales expected this year and topping the half-billion mark for the first time, according to a forecast from Strategy Analytics. This means “almost one in …

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Google maintaining Android One support, despite lukewarm response

Google remains committed to its Android One project, despite signs that vendors in India – where it was initially launched – have cooled toward the effort, Economic Times reports. According to the paper, Micromax, Karbonn and Spice, the initial backers …

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Alibaba in talks to take $1.2B stake in India’s Micromax

Chinese e-commerce giant Alibaba reportedly is looking to acquire a 20 per cent stake in India’s largest smartphone maker Micromax, a deal estimated to be valued at $1.2 billion. In late April the group’s Ant Financial was reported to be …

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Coolpad joins list with Indian ambitions – report

Chinese device maker Coolpad is planning an entry into the competitive Indian smartphone market, according to The Economic Times. The company will offer devices using its Dazen brand online. It is also planning to set up a research and development …

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Alibaba unit expected to buy 25% stake in India’s Micromax

Alibaba’s Ant Financial is reportedly close to working out a deal to acquire a 25 per cent stake in Indian handset maker Micromax for an undisclosed sum. The investment in Micromax, the largest domestic manufacturer of mobile phones in India, …

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SoftBank in talks over Micromax stake – report

Japanese technology giant SoftBank is apparently in talks to buy a 20 per cent stake in handset maker Micromax Informatics, in a deal which could value the Indian company at around $5 billion. According to Reuters, the sale will be sold …

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Foxconn’s FIH Mobile plans handset production in India

Foxconn’s FIH Mobile unit reportedly will start manufacturing handsets in India for local maker Micromax as well as China’s Xiaomi. FIH closed its Chennai plant last year due to falling orders from Nokia and later from Microsoft Mobile. FIH has …

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Micromax mulling outside funding ahead of software push

Indian device maker Micromax is apparently looking to raise cash in order to invest in software and product differentiation, according to Bloomberg, as it looks to bolster its position in the competitive market. According to the report, the company is …

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Micromax mulls sale, talks to Alibaba, SoftBank — report

India’s fast-rising handset maker Micromax reportedly is considering selling off a minority interest or even the entire company for the right valuation, the Economic Times reported today. Citing anonymous inside sources, the Times said Goldman Sachs is advising Micromax on …

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