Indian phone maker Micromax can be priced at $ 5 billion
A group of investors led by the Japanese telecommunications holding company SoftBank is in talks with Micromax management about buying 20% of the company at a price of $ 0.8-1 billion, Reuters sources say .
As a result of a round of financing, Micromax can be valued at up to $ 5 billion. There are no official comments from SoftBank and Micromax.
Micromax entered the Indian phone market in 2008. In the third quarter of 2014, the company ranked eleventh in the ranking of the largest smartphone manufacturers in the world, selling 37.904 million devices. The company's market share in the world is 2%. In the Indian market, Micromax ranked first, relegating Samsung.
As a result of a round of financing, Micromax can be valued at up to $ 5 billion. There are no official comments from SoftBank and Micromax.
Micromax entered the Indian phone market in 2008. In the third quarter of 2014, the company ranked eleventh in the ranking of the largest smartphone manufacturers in the world, selling 37.904 million devices. The company's market share in the world is 2%. In the Indian market, Micromax ranked first, relegating Samsung.
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Source: https://habr.com/ru/post/289054/
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