Friday, November 24, 2006

Siemens Scuttles IPTV Unit in China

Via Reuters.

German industrial conglomerate Siemens AG may withdraw from the Internet TV market in China, a local newspaper reported on Friday. Siemens has dismissed its team in charge of Internet Protocol Television in China, the Shanghai Securities News said, citing industry sources saying that it was a "failure" for Siemens after the company had lost a bid to cooperate in the launch of IPTV services in Shanghai.

The report did not say how many employees worked for the unit. A spokesperson for Siemens in Shanghai could not immediately be reached for comment.

More here.


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