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  Nokia Targets Rich with Luxury Mobile Phone Range
Time: 12:15 EST/17:15 GMT | News Source: Reuters | Posted By: Guillaume Hébert

Nokia said on Friday it planned to launch a new range of hand-crafted mobile telephones, some adorned with precious stones, as the world's largest mobile phone maker steps up efforts to tap the luxury goods market. A new Nokia subsidiary, called Vertu, will start operations later this month to produce status-symbol mobiles and other personal communications devices for the seriously rich.

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