Symbian joint venture expands with Siemens as new shareholder

4/23/2002 - Symbian and Siemens Information and Communication Mobile (IC Mobile) today announces that Siemens IC Mobile has agreed to become a new shareholder in the Symbian joint venture, strengthening its commitment to promoting Smartphones based on Symbian OS. Under the terms agreed between the shareholders Siemens will acquire a 5% stake in Symbian for a value of 22.8 million (14.25 million). As a shareholder Siemens will sit on Symbian's supervisory board contributing their experience to future technical, product and strategy development of Symbian OS.

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