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Philips To Transfer Remaining Philips Mobile Phone Activities To CEC

Aggregated Source: ChinaTechNews.com
February 12, 2007|

Royal Philips Electronics (PHG) and China Electronics Corporation have signed a definitive agreement to transfer Philips' remaining Mobile Phone activities to CEC. CEC will take over the responsibility for Philips' Mobile Phones business, which had 2006 sales of approximately EU320 million and has approximately 240 employees, mainly in Asia Pacific and Eastern Europe. The "Xenium" brand, which [...]

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