Solidot | TCL communications sold 49% shares to violet


owns Alcatel, Palm and BlackBerry and other well-known brands TCL communication ailing, it announce gives Violet city, Yunnan and Vivid Victory to sell 49% shares, transfer price of about HK $490 million. First half of 2017, TCL communication for communication equipment and other products sales total 21.169 million units, down 36.2%; sales of 6.87 billion yuan, down 26.1%; overseas phone market trends continue, internal organization and business restructuring stage effects, loss of 852 million Yuan. TCL communication’s main overseas market, but according to the reported data, in Latin America, Europe, Middle East and Africa district performance drops.