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Hitt og þetta 25. ágúst 2006

Finlands Setele files for bankruptcy - report

Nordic Business Report-August 25, 2006-Finland's Setele files for bankruptcy - report
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Finnish mobile phone retailer Setele has reportedly filed for bankruptcy at the Helsinki district court.

The reason for the bankruptcy was said to be the slowing down of consumer mobile connection sales and lower than expected growth in the 3G markets.

Setele currently has 15 outlets across Finland, reported the Finnish news agency STT.

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