Videocon interested in Motorola's handset business

04/05, 4:55pm

Videocon wants Moto phones

As Motorola announces its desire to spin off its handset and broadband business as independent public companies, Videocon Industries is first to throw its hat into the ring, filing an expression of interest document for the former of the two departments. According to DeepikaGlobal, there will be a delay in the decision, however, since the acquisition process is required to be cleared by the regulatory body. Videocon chairman and managing director V. N. Dhoot told reporters of its intents.