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the Italian Phonola brand was a trademark of the FIMI electronics company based in Saronno
FIMI became a Philips subsidiary in 1972 and is still in business as a manufacturer of medical display devices
After 1972, the Phonola brand was slapped on some Philips consumer products, at least until the late 90s.
I don't think they had anything to do with the US Phonograph maker.
by the way, this radio was made in May 1959
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