Handset maker Audiovox has decided to sell its mobile phone handset division to UTStarcom. Claiming that it cannot compete with other handset market behemoths, Audiovox is exiting the handset market to focus on other markets. Its handset operations, however, will continue under the control of UTStarcom, which has a large presence in China and has been looking to expand its CDMA offerings. As part of the agreement, Audiovox also agreed to allow UTStarcom to use the Audiovox brand name for the next five years, so phones carrying the Audiovox name may well remain on sale for some time.
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