Munoth, the Chennai-headquartered group engaged in a range of business activities, has joined hands with G' Five group, a global electronic brand and formed a joint venture, Munoth G' Five Telecom (MGTL). The venture will focus on three core areas — handsets and smart communication device, VAS solutions and MVNO space (mobile virtual network operator).
Addressing presspersons here on Thursday, Winston Zhang, Chairman, Munoth G' Five Telecom, said the company would be tapping the mid and high-end consumers with world-class products and services. The company would be coming out with a wide range of smart touch phones and tablets for the Indian market in the next three months.
According to Vikas Munoth, Managing Director, MGTL, the investment in the 50:50 joint venture would be Rs. 50 crore.
Understanding that great business is built around world-class brands, MGTL unveiled its brand ‘C Fore' under which its telecom business venture will be conducted.