Nordic Business Report-August 25, 2006-Finland's Setele files for bankruptcy - report
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
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.
((Comments on this story may be sent to firstname.lastname@example.org))