Feeds

LG rejects interest in Siemens mobile biz

Not for sale apparently

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Be real, Apple: In-app goodie grab games AREN'T FREE – EU
Cupertino stands down after Euro legal threats
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.