Feeds

LG rejects interest in Siemens mobile biz

Not for sale apparently

  • alert
  • submit to reddit

Reducing security risks from open source software

LG Electronics has ruled itself out of the running to acquire Siemens' loss-making mobile phone business.

Reports circulating yesterday said that LG Electronics was in the frame to buy Siemens' handset business if negotiations ran smoothly.

But newswire AFP today quotes an LG spokesman who has denied that the South Korean electronics giant has even held talks with Siemens.

He said: "We have no interest in acquiring the Siemens' handset unit."

That ties in with another story which pours cold water on speculation that the handset business is up for sale.

German-language newspaper Die Welt today quoted the head of Siemens' works council as saying that the business is not up for sale.

That's despite chief executive Heinrich von Pierer saying earlier: "Either the situation has to be fixed or we have to find a partner for co-operation. We have to fix, close or sell."

LG has now joined NEC and Chinese manufacturer Ningbo Bird in the list of firms who deny any interest in acquiring the business. A decision about the future of Siemens' mobile phone operation is expected at the group's annual meeting on 27 January. ®

Related stories

LG sniffing round Siemens mobile phone biz
Siemens mobile arm for sale or closure
China rejects Siemens phone business

Mobile application security vulnerability report

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.