MATRA NORTEL SELLS UNIT TO NOKIA
Matra Nortel Communications said it would cease making GSM mobile handsets and would transfer these activities and its German research centre to Nokia of Finland. Matra Nortel is a 50/50 joint venture between Lagardere, of France, and Northern Telecom Ltd, of Canada. Matra said that due to the sharp price declines in handsets, one must produce in big volumes to remain profitable...
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