Pantech is a South Korean company that produces mobile phones. Operates mainly by the domestic market; There are also partners in the United States, Japan, China and Europe. The headquarters is in Seoul. Subsequently, the brand was on the verge of bankruptcy.
Pantech was founded in 1991. By the end of the 90s it was the turn of mobile phones (mostly original equipment). Also, a strategic partnership with Motorola was established. In 2001, the company acquired a branch of Hyundai Electronics, which allowed to enter the domestic market of mobile devices under its own brand. In 2005, SK Teletech, the mobile phone supplier of SK Telecom, was bought. Thanks to this, the positions in the USA and Japan were expanded.
By 2006, Pantech announced its bankruptcy and asked for help from creditors. While it underwent a reorganization under their vigilant leadership between 2007 and 2011, attempts were made to revive the firm. Especially for this purpose, it was conceived to start developing smartphones before what competitors do. In 2010, the company sold more smartphones in Korea than LG Electronics.
In 2013, 10% of the shares of Pantech acquired Samsung Electronics, which at that time had long been the world's largest manufacturer of smartphones. The deal was estimated at about ₩ 53 billion, which is equivalent to $ 47.6 million. The contract was designed to further strengthen bilateral cooperation in the production of smartphones in other industries.
When buying a stake in Samsung, they acted as the third largest holder of this package, after the manufacturer of Qualcomm chips and the state Korean Development Bank (each of which owned 11.96% and 11.81% stake respectively).
Companies Pantech and Samsung managed to establish strong ties in the field of display and semiconductor manufacturing. Previously, Pantech already purchased electronic components of the company for $ 235 billion. The company also took part in the program of renewal of the debt for the amount of ₩ 1.28 trillion won by it at the end of the previous year.
Her creditors agreed to close the five-year debt settlement program for the phone manufacturer. In the domestic market, Pantech lagged behind Samsung Electronics and LG Electronics in the mobile segment. For the US market, the company primarily produced phones for the two largest wireless carriers, AT & T and Verizon. According to a CNET report in July 2014,
Pantech were on the verge of bankruptcy with more than $ 475 million in debt. Continuing to work mainly on the domestic market, they offered a budget alternative to some models of devices from competing firms (for example, by releasing a Vega Secret Note tablet). However, it was then that they were all on the brink of collapse: the deadline for debt maturity was approaching, while the profit losses continued to be staggering.
The company simply could not cover its debts. The list of creditors Pantech included investment banks, financial institutions and three network Korean operators - SK Telecom, LG Uplus and KT. The company had the largest liabilities to the first of the operators ($ 89 million), while the second and third of them owed ₩ 45 billion (that is, $ 45 million). The American subsidiary of the group
Pantech was initially focused on combining advanced technology and innovative design to create cutting-edge products, taking into account the diverse and ever-growing demands of customers at an affordable price. The division has released many innovative phones, including a dual Matrix Pro smartphone slider, instant messaging devices like Laser and Pursuit II, and successful (and easy-to-use) Breeze series devices. His portfolio was expanded due to the development in 2011 of the first 4G and LTE smartphones (including Burst and Pocket).
By 2012, Pantech Mobile introduced the innovative Element tablet. It was announced as the first and only waterproof tablet in the US. The cost of the tablet was twice lower, subject to the conclusion of a two-year contract, well, with a direct sale was almost $ 450.
It should be noted that, in addition to water resistance, the device also had other notable characteristics: for example, an 8-inch touch screen with a resolution of 1024 x 768 pixels, a powerful 2-core Snapdragon processor from Qualcomm to 1.5 GHz, 16 gigabytes of embedded and 1 gigabyte operational memory. Also, there was support for Bluetooth, LTE, 3G / 4G and Wi-Fi. American company Pantech equipped it with a frontal 2-megapixel camera for video calls and a main camera for 5 megapixels.
The tablet weighed just over 450 grams and was based on Android. Unfortunately, it was impossible to talk about the full waterproofness of the device - rather, it was only protected from accidental splashes. In addition to the tablet, in 2012 LTE smartphone Flex with a dual interface (simplified and conventional) was introduced, and a multi-functional Smart smartphone Discover for an affordable price. All these devices had decent technical characteristics and good quality.
There are some Pantech Schematic Manuals PDF above.