December 13, 2004, 9:33 AM — German electronics giant Siemens AG could decide on the future of its mobile phone manufacturing division as early as next month, a company spokesman said.
"We are waiting for all the units within our newly merged communications group to submit budgets before we make a decision," the spokesman said. "This process should be finished by the end of January."
The spokesman denied a news report in the Sunday edition of German business newspaper Frankfurter Allgemeine Zeitung claiming that Siemens had already reached a decision to sell its mobile phone business to China's Ningbo Bird Co. Ltd. The Chinese company has a distribution agreement with Siemens in China.
"We have not made any decisions yet," the spokesman said. "We have a few options: we can cooperate with another company, restructure the mobile phone business or sell it."
A spokesman for Ningbo Bird declined to comment.
Siemens' mobile phone business posted a loss of