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Siemens won't sell handset business
Posted: 02-Feb-2005 [Source: China Daily via Forbes]

[Siemens has no intention of selling its handset business says a Siemens official speaking to the 'China Daily'. However, they are seeking "co-operation."]

"German conglomerate Siemens AG will definitely hold on to its handset business and has no intention of selling, an official with Siemens (China) told China Daily yesterday.

Our company is working on a reshuffle for the unit and new strategies will be introduced to help reverse the handset business," said the official who refused to be named.

"We are not going to sell the unit, but are seeking co- operation," he said. "

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