Samsung buys 5% stake in Symbian

Samsung Electronics is taking a 5% stake in smartphone operating system software developer Symbian.

The company will pay £17m for the stake. Other shareholders in Symbian include Ericsson, Panasonic, Motorola, Nokia, Psion, Siemens and Sony.

Samsung began working on a smartphone based on the Symbian operating system early last year and this week unveiled the first working prototype and its new Oyster applications processor.

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The electronics company already has products running on Symbian's main rivals: the Palm operating system and Microsoft's Windows-powered Smartphone and Pocket PC Phone Edition.