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Nokia targets India with low-cost handsets: CEO

NEW DELHI, August 19, 2009 (AFP) - The head of Nokia, the world's largest maker of mobile phones, said Wednesday that the Finnish company aims to expand in India by offering lower-cost handsets.
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"India is our second-largest market. We aim to remove the affordability barrier," chief executive and president Olli-Pekka Kallsvuo told reporters, without specifying the planned price level.
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"We need to make mobility more accessible in India," he added.

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The company already has more than half the share of India's mobile handset market, analysts say.

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The country is the world's fastest-growing mobile market measured by new subscriber additions.

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Analysts say the government's target of 500 million mobile phone users by next year could be reached ahead of schedule.
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Official data released in June showed the number of mobile subscribers in India above 400 million for the first time, with more than 10 million new subscribers added per month.

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