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Siemens seeks handset partner after losing share
Posted: 21-Nov-2001 [Source: FT]

[Siemens no longer looking to remain an independent player in the handset industry.]

by Sven Clausen, Munich -- "Siemens, the German technology conglomerate, is in talks with several mobile phone companies over a co-operation in handset production.

"The move signals that Siemens has abandoned attempts to remain an independent player in the handset industry.

"The Munich-based technology group had been aiming for a market share of about 15 per cent in mobile phones on its own.

"The switch in strategy follows a similar move by Ericsson, the Swedish communication group, which merged its mobile phone operations with Sony of Japan in October.

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