LG denies rumors about his intentions to buy Pantech
Today appeared the rumors that the South Korean manufacturer LG Electronics is planning to acquire the company Pantech, which is the third-largest smartphone vendor in Korea.
The source was the newspaper Aju Business, which said that LG is considering various options, for instance buying only the division of budget smartphones Pantech.
Some analysts believe that LG is trying to strengthen its position, may indeed shift the focus towards the market of budget devices and to withdraw from the premium segment where the company cannot successfully compete with Apple and Samsung.
However, the representatives of LG have rushed to comment on the rumors, saying that they are without any Foundation.
However, such rumors have a positive impact on the stock price of companies that have grown by 6%.