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itel Mobile is a Chinese mobile phone manufacturer company that was founded by Transsion Holdings Co Limited in March 2008. [ 1 ] [ 2 ] Their products are mainly sold in various emerging markets , including parts of Africa , South Asia , Southeast Asia , Europe and Latin America .
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Itel was founded in 1967 by Peter Redfield and Gary Friedman as an equipment leasing company and initially focused on leasing IBM mainframes. [3] [4] Through creative financial arrangements and investments, Itel began to lease IBM mainframes to customers at lower costs, which led to Itel ranking second to IBM in revenues.
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By the 1990s, Itel made Anixter its core operation, [7] and in 1995, Itel changed its name to Anixter. [7] In the 1990s, Anixter continued to expand into different markets. It entered the Mexico market in 1991, Australia in 1992, and Eastern Europe and Asia Pacific in 1993. Anixter entered the South American market in 1995.
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