China's Transsion Picks Up 80% Stake In Spice Mobile: Report

Kolkata: Chinese communications firm Transsion Holding has picked up an 80 per cent stake in Spice Mobile as it aims to garner a larger market share in the fiercely competitive Indian mobile handset market. "The brand Spice mobile was transferred to a special purpose vehicle (SPV). In the joint venture company, Transsion holds 80 per cent stake while the Modis of the Spice Group hold the rest 20 per cent," a senior official who did n...