Siemens Says Goodbye to Telecom Industry

After more than a century and a half, Siemens is getting out of the telecom business. The German company is selling a majority share of its cordless phone business ─ its last-remaining link to telecom ─ to Arques Industries.

Siemens’ first product was a telegraph needle intended to be a rival to Morse Code. In 1848, the company built Europe’s first long-distance telegraph line between Berlin and Frankfurt.

The Siemens name will continue to be associated with appliances, high-tech medical equipment and more.

Source

Telecom TV: Sad day for the industry as Siemens exits telecoms sector after 160 years

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