Having filed for bankruptcy earlier this year, ongoing troubles at Pantech have forced the company to seek a full buyout.
Despite reluctance from three major carriers, creditors have agreed to extend Pantech's deadline for debt repayment by two years, keeping the South Korean company alive for the time being.
The third largest phone maker in Korea continues to post losses while still owing debt to various entities, including Korea's three carriers.
The 3.2-inch Vybe sports a QWERTY keyboard, a 3-megapixel camera, and an intuitive user interface.
The Pantech Vybe for AT&T is equipped with a 3-megapixel camera, four-row QWERTY keyboard, and a reasonable on-contract price.
The Vybe is a competitively priced device that'll please messaging enthusiasts and smartphone neophytes who don't want high-end features.
Pantech's latest Android smartphone could include a stylus and a fingerprint sensor.
Huawei hopes its Honor 6 will carve a path into the saturated South Korean mobile market.
As the Korean cellular market draws closer to saturation point, the drive to win customers through cheap phone deals has gone off the rails.
The new 4G service will be rolling out to customers this week, and is three times faster than current speeds.