Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

BlackBerry inks hardware licensing deal covering India

Published 02/06/2017, 11:58 AM
Updated 02/06/2017, 12:00 PM
© Reuters.  BlackBerry inks hardware licensing deal covering India
BB
-
WFC
-
OPTI
-

TORONTO (Reuters) - BlackBerry Ltd (TO:BB) has signed a hardware licensing agreement covering India and nearby countries, the Canadian company said on Monday, filling in the last markets where a third-party will manufacture its once-ubiquitous devices as it turns fully to software.

The Waterloo, Ontario-based company said the long-term licensing deal with Optiemus Infracom Ltd (BO:OPTI) covers India, one of BlackBerry's biggest handset markets, as well as Sri Lanka, Nepal and Bangladesh.

The company did not provide financial terms of the deal, but one analyst estimates that BlackBerry is collecting $1 per handset from around 7 million third-party sales a quarter.

"Visibility to the success of its partners to drive new and upgrade sales remains limited," Wells Fargo (NYSE:WFC) analyst Maynard Um wrote in a note to clients, adding that existing deals have not driven hardware sales.

The news follows a similar according covering Indonesia that was announced last September and a global deal - excluding Indonesia and some South Asian countries - signed with China's TCL Communication Technology Holdings Ltd in December.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.