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Phone groups write off €8.4bn 3G investment

“The viability of third-generation mobile phone services was thrown into further doubt on Thursday when Telefonica of Spain and Sonera of Finland abandoned plans for 3G operations in Germany and wrote off the €8.4bn (£5.3bn) they paid for a licence two years ago…” the FT comments in an article on the front page of the Companies & Markets section today.

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