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  • UTStarcom Spins Off Phone Business, May Kill Brand
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UTStarcom Spins Off Phone Business, May Kill Brand

If you have an Audiovox or UTStarcom phone, it may be a limited edition. The mobile phone company, which spun off and changed its name in 2006, is about to do it again. UTStarcom plays a strange and interesting role in the mobile phone industry. They make a whole bunch of low-end phones for Verizon and Sprint that typically get awful reviews, but sell well because they're cheap. They also import high-end,...


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UTStarcom sells off its handset division

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 ...

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AIG's PE unit buys UTStarcom for up to $290M

Telecommunications equipment maker UTStarcom Inc. [UTSI] said Tuesday it is selling its personal communications division to AIG Vantage Capital, a unit of American International Group Inc., for about $240 million....