China’s Lenovo has completed its $2.9-billion acquisition of Motorola Mobility, making the Lenovo-Motorola combine the third largest smartphone entity in India, one of the fastest growing smartphone markets in the world.
“Motorola and Lenovo together would be No. 3 in the market (India) which would be the case in many markets that both brands operate,” spokespeople from both companies said in a conference late Thursday evening.
Lenovo and Motorola together form the third-largest smartphone player worldwide, according to data from research firm IDC pushing rival Xiaomi from the No. 3 position down to No 4.
IDC worldwide smartphone data showed Samsung leading with 23.8%, followed by Apple with 12%, Xiaomi with 5.3% and Lenovo following closely with 5.2%, and LG at No. 5 with 5.1%.