Samsung becomes Symbian shareholder
Samsung joins Ericsson, Matsushita, Motorola, Nokia, Psion, Siemens and Sony Ericsson as a shareholder
London, UK - 17 February 2003 - Samsung Electronics Co. Ltd and Symbian Ltd today announce that Samsung has become a new Symbian shareholder, strengthening Samsung's commitment to promoting smartphones based on Symbian OS. Under the terms of the agreement, Samsung will acquire a 5.0% shareholding in Symbian for a total consideration of �.0 million. As a Symbian shareholder, Samsung will be represented at Symbian's Supervisory Board and will contribute its experience and expertise to the future technical and strategic development of Symbian OS.
Sang-Jin Park, Senior Vice President & General Manager of Mobile Communication Division at Samsung Electronics, said:
"Samsung licensed Symbian OS for both GSM/GPRS and CDMA smartphone developments. We are delighted to be a Symbian shareholder and look forward to contributing Samsung's experience and expertise to the continued development of Symbian OS as the global open standard for smartphones."
David Levin, CEO, Symbian Ltd, said:
"We are very pleased to welcome Samsung as a new Symbian shareholder. Samsung's deepened commitment to Symbian underlines the industry-wide adoption of Symbian OS as the global standard OS choice for smartphones. With 22 Symbian OS products currently in development by 8 licensees, we look forward to the widespread market introduction of Symbian OS devices during the coming year."
Details of the shareholding before and after the �.0 million of new funding are as follows:
|Company||Pre-new money shareholding||Post-new money shareholding|
|Ericsson / Sony Ericsson||20.0%||19.0%|
Samsung Electronics Co. Ltd. is a global leader in semiconductor, telecommunication, and digital convergence technology. Samsung Electronics employs approximately 64,000 people in 89 offices in 47 countries. The company is the world's largest producer of memory chips, TFT-LCDs, CDMA mobile phones, monitors and VCRs. Samsung Electronics consists of four main business units: Digital Media Network, Device Solution Network, Telecommunication Network and Digital Appliance Network Businesses.
For more information, please visit http://www.samsungelectronics.com
Symbian is a software licensing company, owned by Ericsson, Matsushita, Motorola, Nokia, Psion, Samsung, Siemens and Sony Ericsson. Symbian develops and licenses Symbian OS, the global open industry standard operating system for advanced, data-enabled mobile phones.
Symbian has licensed Symbian OS to the world's leading mobile phone manufacturers including Motorola, Nokia, Samsung, Siemens and Sony Ericsson. Publicly announced products based on Symbian OS include the NTT DoCoMo FOMA F2051 built by Fujitsu, Sony Ericsson P800 Smartphone, Nokia 9210 Communicator range as well as the 7650, 3650 and N-Gage .
Symbian has its global headquarters in London, United Kingdom with development sites in Europe and Asia. For further information about Symbian, please see www.symbian.com