First Mobile to invest US$0.5 mln setting up 100 pct owned unit in India

First Mobile Group Holdings Ltd (8110) said the company has set up a 100 pct owned unit in India. First Mobile said the unit, named First Mobile India, plans to invest 500, 000 usd commencing operations in October and open offices over 20 locations in the first 18 months, creating sales and distribution channels of handsets in all major Indian cities.

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