Curitel To Buy Audiovox Communications
Feb 20, 2004, 11:58 AM by (staff)
Audiovox announced today that it has signed a non-binding letter of intent to sell a controlling interest in its wireless subsidiary, Audiovox Communications Corp. (ACC) to Korean phone manufacturer Curitel. Currently, Audiovox owns 75% of ACC and Toshiba owns the remaining interest. Curitel currently manufactures phones sold in ACC's 8000 model series, while Toshiba supplies phones for the 9000 series.
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