Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Ericsson "could buy Marconi"

Share this article

10:16 CEST+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.

TT/The Local

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement