Siemens to name partner, buyer for mobile phone unit

An extraordinary meeting of Siemens AG's supervisory board, being held Monday, could result in an announcement this week of a partner for the German manufacturer's ailing mobile-phone unit, a company spokesman said.

"The supervisory board is holding a special meeting today that is focused exclusively on the mobile phone business," said Siemens spokesman Wolfram Trost. "We said in April that we planned to carve out the mobile phone unit, and now the supervisory board is meeting to discuss the options, which include forming one or more partnerships or selling the unit."

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