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Business

Nokia Loses Grip on Western Europe

The Finnish mobile phone company Nokia used to dominate the western European market, but not anymore. According to the market research company Strategy Analytics, Nokia’s share of the market in the third quarter dropped to 42.1 percent in comparison with 51.2 percent for the same period last year. One of the company’s to benefit is Nokia’s German competitos, Siemens, which managed to climb to second place, increasing its market share from 9.5 to 17 percent.