Samsung has inked a deal with fellow Korean phone maker Pantech for an equity stake in the company.
In a statement on Wednesday, Samsung confirmed an earlier report from Yonhap News, saying that it has acquired a 10 percent stake in Pantech for $48 million. The company said that the investment is designed solely to enhance the relationship between the firms.
As expected, the move has raised some eyebrows in Korea, where Samsung and Pantech are competing most heavily in the mobile device market. Elsewhere around the world, Pantech's devices are decidedly second- or third-tier and don't amount … Read more