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Global Markets: Nokia to merge with T-Mobile

By Dave Sims, Commodity News Service Canada

WINNIPEG, July 30 (CNS) – A merger between Nokia and T-
Mobile is set to give the United States another giant player in
the world of telecoms. T-Mobile had already agreed to a merger
with Sprint earlier this year, as the two companies vied to
compete with larger companies Verizon and AT&T. Under the terms
of the proposed agreement, Nokia will supply T-Mobile with 5G
network equipment. The merger is pegged at US$3.5 billion.

Canadian trade officials will meet with their counterparts
from Mexico, Europe and Asia tomorrow in Geneva. At issue is the
ongoing trade tension between themselves and the United States.
U.S. President Donald Trump has suggested he is prepared to
impose tariffs on vehicles and auto-parts coming from Canada and
other countries. The Canadian auto sector has warned such a move
would be disastrous to companies and employees on both sides of
the border.
Harley Davidson has announced it will soon be selling an
electric motorcycle. The unit will be called the LiveWire and is
due out next year. The company has seen its sales sputter in
recent years and is hoping to reverse its momentum with the
rollout.

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