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Short Take: Siemens invests $500 million in U.S. wireless businesses

Siemens, a global engineering and electronics firm, will spend $500 million over the next two years to enter new wireless markets in the United States. The company today formed a new internal group to consolidate its cordless phone, mobile phone and wireless networking businesses. Siemens also said it will expand its wireless research and development facilities.

    Siemens, a global engineering and electronics firm, will spend $500 million over the next two years to enter new wireless markets in the United States. The company today formed a new internal group to consolidate its cordless phone, mobile phone and wireless networking businesses. Siemens also said it will expand its wireless research and development facilities.