SiemensCommunications
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Moto to buy Siemens Communications?
We're not entirely sure how many more businesses Siemens has to churn through (by our count -- quite a few), but according to a report in German paper Frankfurter Allgemeine Sonntagszeitung, Siemens may be looking to unload Siemens Communications, furthering an exit from the telecommunications industry after last year's sale of their handset business to BenQ. According to Frankfurter's sources, talks maybe ongoing with at least one prospective buyer of S-Com, Motorola; another German publication, Manager Magazin, reported in February that Siemens spoke with Nokia on the same topic. It wouldn't be out of the realm of possibility for Siemens to drop their Communications division (which handles their money-making wireless infrastructure, and money-losing landline biz, among other things), but we'll have to keep an eye on this one.[Via GigaOM]
