CCE to make low-cost mobile phones
Bnamericas Published: Saturday, August 14, 2004
Brazilian electronics manufacturer CCE is investing US$20mn to make mobile phones in the duty-free city of Manaus with Chinese and US partners, business daily Valor Econômico reported Friday. The unit will have production capacity of 2.5 million handsets in the CDMA and GSM technologies a year. CCE will focus on low-income consumers, with handsets selling for up to 200 reais (US$60). Spain's Vitelcom, meanwhile, has also unveiled plans to start producing mobile phones in Brazil. This will bring to 13 the number of handset makers in Brazil, Valor said.
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