Tuesday, October 18, 2005

Marconi effectively up for sale

Telecoms company Marconi is effectively up for sale, having failed to secure a contract to provide the intelligence for BT\\\'s 21st Century Network (21CN). The failure to win a stake in the construction of 21CN was a shock and has forced the company to cut 800 jobs. It is thought likely that Swedish rival Ericsson may pay up to �700m for Marconi.

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