Siemens allegedly discussing Com sell off

Motorola reportedly interested in German firm's Communications arm

Tom Sanders in California

Siemens is talking to Motorola about a possible sale of its Siemens Communications telecoms equipment arm, according to an article in German business newspaper Frankfurter Allgemeine over the Easter weekend. 

The Communications unit is one of Siemens' six divisions, and accounts for about €13bn of the firm's €75bn total annual sales. The group, which makes equipment for landline and mobile providers, is a notorious loss maker.

Advertisement

Citing anonymous sources, the newspaper claimed that the company is in negotiations with Motorola.

The world's second largest maker of mobile phones would be primarily interested in the mobile part of the business which is profitable and growing.

But the report stated that Siemens does not want to be left with its wired 'ugly duckling' which is complicating the negotiations.

A sale of Siemens Communications would end the German industrial conglomerate's long involvement in the telecoms business.

Siemens sold its mobile phone-making business to BenQ last year, paying the Taiwanese company €250m to rid itself of the business and contractual liabilities.

Siemens was founded in 1847 by Werner von Siemens after he invented a telegraph machine that transmitted letters instead of Morse code.

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Tags:

Do you agree?

Further reading

Siemens M34 USB adapter allows users to make and receive calls through the free PC-to-PC calling feature of Yahoo Messenger

Siemens and Yahoo team up for VoIP blitz

Adapter allows VoIP calls from Siemens' handsets

DSL subscribers to double by 2009

DSL aggregation market set to hit $10.5bn in three years

China limbers up with 3G licences

Beijing Olympics is earmarked for infrastructure deadline

IP convergence gathers global momentum

IP PBX revenue up 23 per cent, TDM sales down 15 per cent in 2005

Related whitepapers

Related jobs

Most watched

Xperia X1

Video Review: Sony Ericsson Xperia X1

First Looks Editor Ian Williams gets hands on with the Sony Ericsson Xperia X1

HTC Hero

Video: HTC Hero launch

Handset maker unveils its latest Android-based smartphone

IT white papers

Search white papers

Top categories

Poll

Poll: Summer smartphones

Poll: Summer smartphones

Which smartphone will you be taking to the beach this summer?

View poll results

Advertisement

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Spotlight

firefox logo

In Pictures: Firefox 3.5

Screenshots from Mozilla's latest Firefox web browser

BT

BT scraps Phorm rollout

Telco claims to be too tight on resources to support...

Nokia

Nokia denies Android smartphone rumours

Mobile phone giant insists it will stick with Symbian

Second Life

Second Life seeks to mix the real and virtual worlds

Linden Lab unveils plans to integrate with social networks and...

Primary Navigation