Nokia Data AB has introduced its version of a Groupe Speciale Mobile digital cellular telephone, which which weighs in at 18oz and sells for $1,770. The company says it expects to get approval for the phone by the end of the month and will market it from November. It is pitching for a 25% share of the European mobile phone market by the year 2000, or approximately 20m users. The group, which has invested over $40m in mobile telephony, predicts that by 1994, 80% of GSM telephones will be portable. Nokia Oy has high hopes for profitability from mobile telephones, having lost $87.7m in 1991 on revenues that fell 16% to $3,500m.
