Vodafone eyeing new phones for emerging markets

Vodafone Group unveiled two new own-branded mobile handsets it plans to sell for $25 to $45 to boost sales in developing economies of Asia and Africa, a Reuters report said.

The Reuters report said the world's biggest mobile operator by sales, increasingly reliant on developing markets to drive growth, expects to sell over a million of the two phones within a year.

The Reuters report quoted Vodafone as saying that the new phones, manufactured by Chinese handset maker ZTE, would be shipped to Egypt, Romania and South Africa in the next two weeks, with 15 other markets set to follow in coming months.

The new handsets will compete with entry-level phones from Nokia, the world's biggest mobile handset maker, the report said.

The ZTE-made phones use chipmaker Infineon Technologies' chipset, the report further said.