| China Techfaith Wireless Communication Technology and D Magic Mobile Incorporation announced the formation of a joint venture company in China. The joint venture will be called Glomate Mobile.Glomate plans to license well-known, international bands through Dmagicmobile for high-end, brand-name mobile phones that target fashion-conscious and high-end mobile phone users, teenagers and sports fans. Initial product launches are scheduled for the fourth quarter 2009. :theflyonthewall.com |
