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Spice Mobile hits limit on acquisition buzz

BK Modi-promoted Spice Mobile hit the 10 per cent upper circuit at Rs 24.95 a share in a weak Mumbai market on reports that Japanese phone maker Sony Ericsson is in talks to acquire the company. A total of 54,650 shares of Spice Mobile changed hands today.
The shares jumped 9.91 per cent compared with its […]

Idea-Spice faces Rs 843 crore loss

After the deal between Spice and Idea, the merged entity faces a loss of Rs 842.75 crore, recently paid by the two companies as entry fees to obtain universal access service licenses (UASL) in circles which overlap between Spice and Idea.
The issue relates to the intra-circle M&A norms issued by government on April 22, 2008, […]

Spice lanched cellphone under Rs. 900

Indian conglomerate Spice unveiled a new cellphone model on Monday priced below $20 to target surging demand for cheap phones in emerging markets in Asia.
Spice will start selling its “People’s Phone”, which comes without a screen, in Asian markets from Iraq to Indonesia from March, and plans to introduce more phone models in the $10 […]