Ericsson "could buy Marconi"
The Local · 10 Oct 2005, 10:16
Published: 10 Oct 2005 10:16 GMT+02:00
Ericsson is considering buying crisis-hit British telecoms company Marconi. A deal could be announced within a few weeks, reports Reuters, citing sources close to the negotiations.
According to business paper Financial Mail Ericsson has valued the company at £1.3 billion, or 17.6 billion kronor.
Marconi, which nearly folded during the telecoms market collapse of 2001 and which still suffers from financial problems, refused to comment on the reports.
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