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| Friday, September 05, 2008 23:35:40 |
Motorola consolidates DVX alliance with CITIC
Motorola, the US-based telecommunications equipment giant, has increased its stake in DVN Holdings to 18.53% from 14.82%, The Stanadrd reported, The move is aimed at strengthening Motorola’s alliance with the CITIC Group and reinforcing their dominant position in China’s digital broadcasting market.
DVN chief executive Terry Lui told The Standard that Motorola's step to raise its stake in DVN has further extended the relationship of all the parties to stand out as China's dominant provider of digital TV broadcasting services and more importantly, the strategic cooperation wit CITIC.
“With DVN's trend setting digital broadcasting services and Motorola's strength in hardware and technology development, coupled with CITIC's coverage in China, the alliance together will create a perfect win-win situation for the three parties,” Lui added.
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