SHANGHAI – German industrial conglomerate Siemens AG may withdraw from the Internet TV market in China, a local newspaper reported on Friday. Siemens has dismissed its team in charge of Internet Protocol Television in China, the Shanghai Securities News said, citing industry sources saying that it was a “failure” for Siemens after the company had lost a bid to cooperate in the launch of IPTV services in Shanghai.
The report did not say how many employees worked for the unit. A spokesperson for Siemens in Shanghai could not immediately be reached for comment.
China’s largest fixed-line company, China Telecom Corp., and Shanghai Media Group in September launched a joint internet TV service.
Shanghai Media Group is the first company in China to receive a license from Beijing to run IPTV.
With growth slowing in China’s telecoms market — the world’s biggest with more than 360 million fixed-line and more than 430 million mobile users — China Telecom and rival China Netcom Group Corp. are looking to newer, non-voice services.