Yota is also the first to launch a 2-screen smartphone. According to the latest ruling of the Supreme Court of the Cayman Islands. 2-s...
Yota is also the first to launch a 2-screen smartphone.
According to the latest ruling of the Supreme Court of the Cayman Islands. 2-screen smartphone maker Yota has officially declared bankruptcy. Yota has requested to liquidate the property under the laws of Cayman Islands a few days ago.According to the ruling, the court appointed David Griffin and Joshua James Taylor of FTI Consulting as a Yota agent. Yota creditors have 21 days to list the assets they want. If the deadline expires, the creditors will not enjoy any benefits.
YotaPhone 2
Hi-P Electronics is a Singapore company and is a partner to provide Yota with filed a lawsuit against Yota for not completing the contract. After the initial agreement and received $ 17 million, Hi-P still believes that their dispute with Yota has not been resolved.Yota was founded in 2011 to develop: new generation modems, routers, smartphones. It is backed by Russian telecommunications company Скартел and licensed to operate under the Yota brand.
The company cooperates with various companies to provide network equipment before entering the smartphone market. The YotaPhone model with 2 screens has helped Yota's smartphone array develop strongly. Even YotaPhone is also taken by Russian President Putin as a gift to Chinese President Xi Jinping.
After that, Yota launched many more smartphones but could not meet consumer expectations.
Last year, Russia's Rostec company sold 25.1% of Yota shares (worth 3 billion rubles - equivalent to 48 million dollars) to an alliance of Chinese firms. With over 50% of the shares, the alliance of Trinity World Management and China Baoli will take control of Yota.
