LG chalks out strategy with focus on GSM phones

LG Electronics India has identified the GSM mobile phone business as the prime growth driver for the company in calendar 2007. It plans to launch a slew of mid to high-end handsets, including 3G phones and its blockbuster Prada range. At present, LG is at fifth spot in the highly competitive Indian GSM mobile phone market with a marketshare of about 2.5%. The company intends to leverage its market leadership in the consumer durable space to expand the GSM business. LG Electronics India managing director Moon B Shin told ET.

Courtesy: EconomicTimes
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