Siemens mulls mobile future
Correspondents in Munich
DECEMBER 13, 2004    
GERMAN electronics giant Siemens said it is considering options for its loss-making mobile phone unit, but declined to comment on a report that China's Ningbo Bird is a potential buyer.

A company spokesman said Siemens had made no decision on whether to sell the division, dismissing a report in Sunday's Frankfurter Allgemeine Sonntagszeitung that the plans were already in motion.

"We are looking at all the options," the spokesman said.

The paper said that phone maker Ningbo Bird had been named a potential buyer of the division, citing company sources. Ningbo Bird has a distribution deal with Siemens in China.

Siemens's cellular phone division posted a loss of €141 million ($249 million) in the fourth quarter of the 2003-2004 business year which ended September 30.

Outgoing company head Heinrich von Pierer has said an overhaul of the unit is in the works and has not ruled out a sale.

Agence France-Presse

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