Siemens pays to hang up on mobile

After denying for months that its mobile-phone unit was on the chopping block, Siemens has flogged the floundering brand to Far East outfit Ben Q.

New phones will continue to be badged Siemens for some time at least but most interesting about the deal is that the Germans are actually paying €250m to Ben Q to take the division off their hands. Log On never went to economics school but surely shome mistake?