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Siemens exits Telecoms altogether

By: , IntoMobile
Saturday, August 9th, 2008 at 10:13 AM

siemens logoSiemens is apparently selling off it’s home cordless phone business unit, in a deal that will signal the completion of exit for the company out of the telecommunications industry. Siemen’s exit from the industry has taken 3 years, with the company’s CEO refocusing on segments such as energy and healthcare, in which it is a big player.
Of course, there have been moves previous to this one where Siemens has spent time ridding itself of Telecoms units – who can forget the disastrous divestiture of it’s Mobile handset unit to BenQ in 2005? In the end, BenQ decided to stop funding the division, pushing it in to insolvency. On the more positive side, Siemens spun off it’s network infrastructure business in to a partnership with Nokia, forming NSN in 2007. This year, it has sold off it’s wireless modules business, and also Siemens Enterprise Communications.
So, in some respects a sad ending to Siemens’ involvement in Telecoms, but one which will allow the corporate to be a leaner organisation in the industries which it is now focusing it’s energies in…..

[Via: GSMworld.com]

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About The Author

Ben Robinson

Ben is a 10+ year veteran of the Mobile industry – starting his career when SMS was a still a relatively new concept for most people (!), he has now consulted on everything from bleeding-edge Mobile content, to the next-gen accessories you might view it on. As a result he has a broad and deep knowledge in numerous areas of Mobile – from network operators to device vendors, to infrastructure and middleware vendors (not to mention content delivery) – and has worked for companies in all of these areas! He is based in the UK, a hotbed of activity for mobile, and recently became a father for the second time – as oppose to in his younger years when he was happy spend time tweaking all manner of mobile devices to 'nth' degree, he now looks for services and hardware that provide the most efficient, compact, and reliable improvements to his already manic life! It’s his opinion that Mobile solutions should be there to help to make your life better – if a particular solution (be it service or device) isn’t doing this, he believes you need to ask the very important question of why you continue to use it... His focus at IntoMobile is mainly on Mobile content, services, and infrastructure, particularly as regards the UK market – and with the occasional look at devices. Additionally, using his extensive experience in the industry, he will provide commentary on the industry at large, with regular (and hopefully thought-provoking) articles.

  • Leon Graves

    Siemens was once a leader in Telecom, but the quick turnover in Technologies which began in the 80′s does not fit the German Model. Telecom Leaders must proceed with high risk, but there can be high rewards. The German corporate mentality is low risk, low-to-medium rewards, and stability.