Spice Mobile to manufacture low-cost tablets, smartphones

Wishes to be known as the "Apple of Asia"

PTI | June 16, 2011



Spice Mobile, a B K Modi-promoted Spice Group company, may soon enter in to a tie-up with a leading chip maker to manufacture low-cost tablets and smartphones.

Dilip Modi, Managing Director of Spice Mobility, on Wednesday said the company is also in discussions with a couple of companies in Nigeria and South Africa for acquisition. Spice Global is actively considering listing in one of the exchanges of London, USA and Hong Kong, he said.

"We are on the verge of entering into a strategic partnership with one of the leading chip making companies to develop smart devices on low-cost platform. What we are trying to do is that we want people to afford smartphones with all the applications," Modi told reporters here.

He said the company wants to be known as the "Apple of Asia" and will come out with many interesting products such as Blueberries and touch screen devices with applications like messaging and social networking at a much lower cost.

Spice Mobility is currently looking at acquiring three firm each in Nigeria, South Africa and West Asia, he said.

"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 in 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 per cent 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.

 

Comments

 

Other News

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter