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Siemens denies plans to sell its mobile devision

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The giant German industrial conglomerate – Siemens denies the ongoing rumors this week that it plans to sell the mobile handset production operations. According to the head of the company's works council, Ralf Heckmann, they are only discussing overall problems within the loss-making Communications unit. As it was previously written Siemens is expected to make a major announcement about its plans for the mobile branch on Jan 27 at the upcoming shareholders meeting.

 

source:

AFX News Limited

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