TechTarget

Siemens to decide fate of mobile phone unit

German electronics giant Siemens AG could decide on the future of its mobile phone manufacturing division as early as next month,...

This Article Covers

Mobile

German electronics firm Siemens could decide on the future of its mobile phone manufacturing division as early as January, a company spokesman has said.

"We are waiting for all the units within our newly merged communications group to submit budgets before we make a decision," he said. "This process should be finished by the end of January."

The spokesman denied a news report in the Sunday edition of German business newspaper Frankfurter Allgemeine Zeitung which claimed that Siemens had already reached a decision to sell its mobile phone business to China's Ningbo Bird Company. The Chinese company has a distribution agreement with Siemens in China.

"We have not made any decisions yet," the spokesman said. "We have a few options: we can co-operate with another company, restructure the mobile phone business or sell it."

A spokesman for Ningbo Bird declined to comment.

John Blau writes for the IDG News Service (Paul Kallender contributed to this article) 

 

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close