Motorola's phone division to be bought by Videocon?

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The Indian industrial giant Videocon is apparently interested in buying Motorola's handset business. Videocon already have licences to build 3G phone networks in India, and see potential benefits from also owning a handset manufacturing unit. Motorola currenly owns half of UIQ Technology and manufactures UIQ3 handsets, so such a sale may have implications for the Symbian world. (via Mobile Burn)