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Motorola raises stake in a cell parts maker

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June 18,2004
Motorola Korea said yesterday that its U.S. parent would buy nearly all of the shares it did not already own in Appeal Telecom, a Korean maker of parts for cellular telephones. The company did not put a dollar value on the additional investment, but in 1998, it invested $30 million to buy 53 percent of the Korean parts maker. Motorola’s vice president for global CDMA product development said a bigger presence for Motorola in Korea was vital because of the country’s leadership in CDMA technology. The acronym stands for code division multiple access, a standard for cell phone transmissions used in Korea and many other countries. Motorola has been Appeal’s biggest customer since it took an equity position in the company. Motorola, Samsung and Nokia are the market leaders in cell phones.


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