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Samsung Buys 10% Stake in Pantech for $48 Million

May 22, 2013, 11:09 AM by Eric M. Zeman

Samsung today confirmed that it has made a $48 million investment in competitor Pantech, which gives it 10% ownership of the company. "The investment is aimed at solidifying our relationship with Pantech, a key component customer of Samsung," said the company in a statement. "Samsung will have no involvement in Pantech’s business management in any way or form." The two competitors already collaborate on semiconductor and display technologies. Pantech sells a mix of feature phones and smartphones in the U.S. through AT&T.

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KOL4420

May 22, 2013, 11:31 AM

mmm

I hope Sprint doesnt end up selling Pantech phones. Not a fan of what they have.

Haggard

Pantech devices are usually on Virgin Mobile, or used to anyways. I had no idea they were still making devices lol.

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