Samsung Elec considers $40-50 phone to fight Nokia

Samsung Electronics Co Ltd, the world's No. 2 mobile phone maker, is considering a low-cost phone model worth $40-50 to fight bigger rival Nokia, a company spokesman said on Monday.

"We are considering a $40-50 phone, if such a model can be cost-competitive," said the spokesman, adding that a decision has not been reached. "It targets Nokia in the emerging markets." (Reporting by Rhee So-eui; Editing by Sei Chong)

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