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Panasonic to sell mobile base station business to Nokia

OSAKA -- Panasonic has apparently reached a basic agreement to sell its cellphone base station business to Finland's Nokia. The Japanese electronics maker, which has been streamlining, wants to further free itself to focus on growth fields.

     Among Japanese base station suppliers, the Osaka-based company ranks third, after NEC and Fujitsu. But earnings have taken a hit from stiff competition with overseas rivals, including Nokia and Sweden's Ericsson. 

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