Siemens spins out phones into new company

Siemens spins out cordless phones, broadband products and home media devices into new company.

After unloading its underperforming mobile phone manufacturing business to BenQ in June, German electronics giant Siemens has decided to spin out its customer premises equipment (CPE) unit into a new, fully owned subsidiary.

The new company, Siemens Home and Office Communications Devices, will design, manufacture and distribute the Siemens range of Gigaset cordless phones for both traditional fixed-line and new VOIP (voice over Internet Protocol) networks, as well as broadband products and home media devices, Siemens said this week.

The move to create a new company focused on CPE will help Siemens respond more quickly and efficiently to the needs of the fast-paced home networking consumer market, the company said.

The company, to be based in Munich, will have a workforce of around 3,700 worldwide. It will begin operations in October.

Siemens, which claims to be one of the largest suppliers of DECT (Digital Enhanced Cordless Telecommunications) cordless phones, estimated its annual CPE sales at around Euro 1 billion (AUD$1.6 billion).

The German manufacturer hopes to carve a larger slice out of the market for voice, data and video communication devices for the home and small business market, which the company projects will be worth Euro 16 billion by 2010, by working closely with network operators offering triple-play services, it said.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Blau

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?