Siemens sells its phones

The Taiwan-based BenQ Group is to buy Siemens’ entire mobile phone business for 50 million Euros.
As part of the deal, BenQ will acquire all of Siemens’ development and manufacturing locations in
A factory in
In addition to the factories, Siemens has also given the BenQ Group the rights to its brand and name, which BenQ will be allowed to use for five years.
The closing of the deal, which will affect over 6,000 Siemens employees worldwide, is expected to take place in the fourth quarter of Siemens’ 2005 fiscal year.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Comment: The UK is closer to deindustrialisation than reindustrialisation
No. 20% is added to the bill (not deducted) as output tax that is recovered by a VAT registered customer as input tax, until a customer down the...