Samsung Joins Symbian Owners
Samsung will acquire a five percent stake in the London-based consortium for $27 million.Samsung Electronics Co. this week became the latest shareholder in the cell phone operating consortium Symbian Ltd. Under the terms of the agreement, Samsung will acquire a five percent stake in the London-based consortium for $27 million. Symbian, established as a private independent company in June 1998, is owned by Ericsson AB, Nokia Corp., Matsushita Co.(Panasonic), Motorola Inc., Psion plc., Siemens Enterprise Networks LLC, Sony Ericsson Mobile Communications Inc. and now Samsung.
Belonging to the consortium hardly means exclusive endorsement of the Symbian operating system. Nokia is the only company that has been a champion of the OS; its Series 60 platform for smartphones is based on Symbian.