'Don't Expect a for Sale Sign at Marconi Despite Bt Contract Blow

Birmingham PostMay 18, 2005

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Summary


Troubled Midlands telecoms group Marconi will not be broken up - despite its failure to win any work on BT's 21st-century network programme.

BT's decision could cost up to 3,000 jobs, and 450 are already expected to go at Marconi's facilities in Coventry.

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Extract


'Don't Expect a for Sale Sign at Marconi Despite Bt Contract Blow

However, chief executive Mike Parton yesterday played down speculation that Marconi's recent restructuring moves are ...

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