It's not all quite official yet, but LG today announced a deal to acquire handset maker KTFT. A manufacturer of North American phones like the CDM-9200 in conjunction with UTStarcom, KTFT is the fifth largest handset maker in Korea, and should help number three LG regain its spot behind Samsung after losing position to Pantech who recently bought SK Teletech. Wild times indeed, though there's no word on the offering price or what will happen to current KTFT handsets like the 9945 (pictured) that UTStarcom has been showing off recently.

[Phone Scoop]

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LG buys UTStarcom pal KTFT in bid for #2 in Korean handsets