Siemens to sell or close mobile unit
Jan 17 2005 - 01:16 PM ET | Siemens
that Siemens will either sell or close its mobile phone unit. Back in December, we mentioned
that Siemens was tossing around the idea of selling its mobile unit to a Chinese firm, but it was not known at the time that it was sell-or-die time.
bq. Siemens is the fourth largest handset maker by market share it has struggled to make a profit. In the fourth quarter of 2004 the mobile division lost €140m.
will follow this story closely.