Word: motorolas
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...such companies as Citibank, McDonald's and Motorola are hustling to tap India's burgeoning number of young big spenders. Brands like Reebok and Nokia are making deeper inroads than ever before. Modern malls and fast-food restaurants are proliferating among the crumbling British colonial buildings and ancient monuments that dot India's cities. "These guys are a huge consumer audience," says Raman Roy, managing director of Wipro Spectramind, one of India's largest call-center operators. "There is a fundamental economic change happening...
...such companies as Citibank, McDonald's and Motorola are hustling to tap India's burgeoning number of young big spenders. Brands like Reebok and Nokia are making deeper inroads than ever before. Modern malls and fast-food restaurants are proliferating among the crumbling British colonial buildings and ancient monuments that dot India's cities. "These guys are a huge consumer audience," says Raman Roy, managing director of Wipro Spectramind, one of India's largest call-center operators. "There is a fundamental economic change happening...
...rising number of young consumers in India is providing one of the few hot markets in a sluggish world economy. U.S. telecom-equipment maker Motorola says sales of its mobile phones in India increased 200% in the first six months over the same period last year. Tearing a strategy page from its very successful China playbook, Motorola targets youngsters with cheap phones. In June Motorola joined up with Bharti to offer phones at $64? an offer it claims is the cheapest in India. "The attitude of the young generation is to enjoy life and spend money," says Pramod Saxena, president...
...Lawmakers then waved through a draft bill allowing the state's share in former monopoly France Télécom to drop below 50%. Update One of Turkey's wealthiest families, the Uzans - profiled in time last week - was found guilty of perpetrating a "huge fraud" against Motorola and Nokia. A New York federal judge found the Uzans had "siphoned" hundreds of millions of the two telecom firms' money "into their own pockets." They have been ordered to pay the companies more than $4.2 billion. The Uzans say they will appeal. TIME Europe: Uzan's Troubles...
...Lies! A bunch of outright lies!" Uzan says of the Motorola complaint, which among other things charges the family with using libel and extortion to intimidate its enemies. Judge Rakoff, he claims, is anti-Turkish. "He is biased against Turkey, against the Turkish people." As for the High Court judge in the U.K. who slapped Uzan family members with a 15-month jail term for contempt of court and a worldwide freeze on assets, he "thinks he rules the world." The whole Motorola-Nokia lawsuit is merely a "business dispute between one company and another" and should be dealt with...