www.chinatechnews.com
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In the site:
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.
In addition, Philips will transfer to CEC its existing marketing network in some key countries for the mobile phone business, as well as its 25% equity stake in Shenzhen Sangfei Consumer Communications Coompany.
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