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ExclusiveCorning and Samsung form new OLED glass business

Speciality glass business Corning and Samsung Mobile Display, part of the Samsung group, have signed an agreement to set up a new business that’ll produce glass substrates for the organic light emitting diode (OLED) device market.

The new business will be based in South Korea and will supply OLED backplane glass substrates for Samsung Mobile Display and the broader market, from handheld devices to televisions.

ExclusiveOrange Austria being sold to Hutchison

Orange Austria is to be sold to Hutchison 3G Austria, subject to regulatory approval.

France Telecom-Orange currently owns 35% of the business, while Mid Europa Partners controls 65%. Both parties have agreed to sell their combined stakes to Hutchison.

ExclusiveFeature phone sales falling faster than expected, says report

The mobile phone market grew by 6.1% year-on-year in the fourth quarter of 2011, according to the latest report from the International Data Corporation.

IDC’s Worldwide Mobile Phone Tracker revealed that 427.4 million mobile devices were shipped in Q4 2011, with the feature phone market declining faster than anticipated.

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