Monday, August 08, 2005

Mergers: Marconi declines to comment

Marconi Corp PLC has declined to comment on reports regarding a 600 million pound takeover of their Chinese partner, Huawei Technologies. No formal proposal has been presented to the Marconi board.

Currently Huawei provides telecom products and solutions for over 270 operators worldwide and 22 of the world's top 50 operators are using Huawei's products and solutions.