Looks like it is still a rumour although meetings between the two companies are underway even as we report this.
Spice Mobiles is possibly going to be incorporated into Sony Ericsson.
Feature rich Spice handsets incorporated into high-end Sony Ericsson could only mean that the entry level market for handsets will improve. Buyers of entry level phones will largely benefit from this alliance.
More on the tie-up as news trickles in.
Watch this space.