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Nokia to ship dual mode 3G phones late 2002date: November 27, 2001 Nokia, like rival Ericsson, said the launch of 3G networks remained on track. 3G is expected to fuel growth in coming years as consumers surf the Internet and watch video clips on their handsets. Management confirmed its commitment to start shipments of dual mode GSM/WCDMA 3G phones during the second half of 2002. The company believes that 3G phones should account for roughly 10% of all mobile phones unit sales in 2003. In mobile network infrastructure, Nokia estimates the overall market to be flat to slightly positive in 2002. However, the company sees its own accessible market expanding by more than 10% during the coming year as operators in the Americas convert from TDMA to GSM/EDGE, and as Japan and Korea join the WCDMA community. As a recent example of this trend, US operator Cingular Wireless announced it had chosen Nokia as a major supplier for its next generation GSM/EDGE network infrastructure. Nokia intends to strengthen its position in the GSM infrastructure market, where it currently holds an approximate 30% market share. Backed by estimates that it would deliver approximately 100,000 3G WCDMA carriers during 2002, the company continues to target a leading 35% share of the WCDMA market.
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