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German electronics giant Siemens were responsible for an extensive and enviable line of world firsts within the realm of mobile telecommunications. Siemens mobile innovations included the first mobile phone with a colour screen, the first mobile phone with an integrated mp3 player, not to mention the first ever phone with full GPS functionality.

Despite a heritage of pioneering technology the mobile division of Siemens was haemorrhaging money and the holding company decided to sell off the rights to Siemens mobile to Taiwanese company BenQ in 2005. In 2006 BenQ began launching BenQ Siemens handsets but unfortunately fell foul to financial turmoil themselves. Later in 2006 the German arm of BenQ were declared bankrupt.