Wileyfox and STK parent Santok restructures

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The firm plans to make new smartphones, GSM desk phones and IoT products to launch this year

Telecoms manufacturer Santok has announced it will enact a restructure to encourage fresh investment, after “global conditions proved challenging”.

The Ruislip-based company owns the STK and Wileyfox smartphone brands, having bought Wileyfox last year when it went into administration. Santok adamantly said in a statement both brands “remain very much alive”.

Santok said it will continue making smartphones under both brands and launch SIM desk phones and Internet of Things products.

A spokesperson for Santok said: “The restructuring will allow for fresh capital to be injected into the business to deliver on our 24-month plan and enhance our aftersales and service offerings to our customers and consumers.”

Mobile News has enquired for further information.

 

 

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