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Siemens would no longer do cell phones

June 7 2005

German concern Siemens parted ways with the loss-making unit for the production of mobile phones.

Concern on Tuesday officially announced that the unit goes to Taiwan's concern BenQ. The sum of the transaction were not disclosed.

Within five years, the Taiwanese company will be able to use the trademark Siemens.

The headquarters of the future of Taiwanese firms producing Siemens mobile phones will be located in Munich, informs RIA Novosti news agency.

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