Pantech launches Vega in S Korea; US and other markets to follow

Pantech today released its third and the lightest Android phone in South Korea. Pantech Vega will be launched in South Korea via SK Telecom at the end of this month, the company said.
And, it will not be limited to South Korea only, Vega will also rolled out in the United States and other markets, after making some modifications, its executives said. “We are in talks with AT&T and Verizon to launch the model in the United States,” an executive added.
The phone features a 3.7-inch AMOLED screen, 1 gigahertz Snapdragon processor, Android 2.1 and a 3D UI, Pre-load T-Cash payment system and weighs just just 114 grams. The will come in four colors ? white, black, pink and gold-brown.
Patench plans to introduce around 16 smartphones next year globally, most of them to be based on Android, said Park Byeong-yeop, vice chairman of Pantech.

Full Press Release Below:


SEOUL, Jul 15, 2010 (AsiaPulse via COMTEX) —

Pantech Co., South Korea’s No. 3 handset maker, unveiled Thursday its third Android-based smartphone “Vega” to expand its presence in the country’s fast-growing smartphone market.

Pantech will launch the Vega in South Korea via SK Telecom Co. (KSE:017670), the largest local mobile carrier, at the end of this month, the company said.

“Pantech plans to raise market shares up to 30 per cent in the local smartphone sector and sell at least 500,000 units of the new phone,” Park Byung-yeop, vice president of Pantech, told reporters during the launching show of the new smartphone.

The Vega is tailored to suit Korean consumers and offers enhanced portability and a flash video-supporting engine, an essential feature to serve flash-laden Korean websites, the company said, adding that the new model weighs 114 grams, lighter than its counterparts.

The new smartphone, carrying a 3.7-inch screen, is powered by Qualcomm Inc.’s 1-gigahertz snapdragon processor, one of the speediest chips offered in the market, and operates on the Android 2.1 platform, said Pantech.

Google Inc.’s Android, provided for free to handset makers, is a software platform that supports operation systems and other key applications on mobile devices.

Global smartphone market leader Apple Inc. sold 800,000 units of the iconic iPhone 3GS as of the end of June in South Korea and is expected to launch iPhone 4 in July, although the exact date has yet to be announced.

Samsung Electronics Co. (KSE:005930), the world’s No. 2 mobile phone maker, sold 300,000 units of its latest smartphone Galaxy S in the first 19 days of its launch.

Pantech sold 3.35 million handsets last year, ranking third place in the local mobile phone makers after Samsung Electronics and LG Electronics Inc (KSE:066570).

Pantech has been under a debt rescheduling program since 2007, which is scheduled to be complete at the end of 2011.

(Yonhap) ms

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Post Author: Gaurav Shukla

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