UTStarcom sells off its handset division

July 01st, 2008 | Category: Phones

UTStarcom

(Credit: UTStarcom)

UTStarcom announced earlier today that it will sell its Personal Communications Division (PCD) to a part of AIG Vantage Capital for approximately $240 million

plus $50 million based on a three-year earn out provision. UTStarcom states in its press release that it is focusing more of its …

Orginal post by Nicole Lee

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