TITLE

MOUNTING DEBTS MAY FORCE MARCONI TO SEEK BAILOUT

AUTHOR(S)
LaBarba, Liane H.
PUB. DATE
April 2002
SOURCE
Telephony;4/1/2002, Vol. 242 Issue 13, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that telecommunication company Marconi may seek a bail out from the British government due to mounting debt load. Debt level of Marconi; Efforts of the company to downsize its business and focus on productive areas; Plan of the company for its distributed multiserve platform for the metropolitan area and the Asynchronous Transfer Mode switching gear.
ACCESSION #
6510795

 

Related Articles

  • Marconi strives to assuage banks on credit problems. Omatseye, Sam // RCR Wireless News;4/1/2002, Vol. 21 Issue 13, p19 

    Reports on the debt problems faced by telecommunication equipment maker Marconi as of April 2002. Executives who resigned from the company due to its vulnerable financial disposition; Weak liquidity of the company; Value of the company's net debt; Desire of the company to exchange its debt for...

  • Marconi: the wrong end of the telescope? Jordan, Dearbail // Lawyer;9/9/2002, Vol. 16 Issue 36, p11 

    Assesses the disadvantages of the debt restructure efforts of Marconi. Expenditure of the company on advocacy fees; Process on sorting the debt problems of the company; Relationship of the company with bondholders.

  • Marconi Aspires To Network Globally. McKeefry, Hailey Lynne // Inter@ctive Week;05/08/2000, Vol. 7 Issue 18, p88 

    Features telecommunication company Marconi Communications. Business strategy of the company; Market share; Acquisitions made in 1999; Revenue in 1999.

  • Buying time. Everett-Heath, Tom // MEED: Middle East Economic Digest;9/1/2000, Vol. 44 Issue 35, p6 

    Reports on the activities of Marconi Communications, one of the four core divisions of Britain-based Marconi, in the Middle East. Vision to become a leading telecommunications company; Areas of business in the region; Industry trends; Enterprise customers.

  • Marconi pitch sale cuts debut.  // Professional Engineering;1/16/2002, Vol. 15 Issue 1, p18 

    Reports the selling of non-core property sites of Marconi, a telecommunications firm in Great Britain. Issuance of profit warnings; Causes of the collapse of the firm; Emphasis of the debts of the company.

  • RICH PICKINGS.  // Global Finance;Apr2003, Vol. 17 Issue 4, p11 

    Lists the problems being faced by Great Britain-based telecommunication company Marconi. Downgrading of the company's long-term credit rating to D; Projected decline in sales; Percentage of equity handed over to creditors.

  • Marconi sells businesses for 360m Pounds debt reduction.  // Electronics Weekly;1/9/2002, Issue 2034, p8 

    Reports that telecommunication group Marconi has sold off interests into two so-called non-core businesses to reduce the firm's debt.

  • Marconi misses debt-for-equity 2003 deadline.  // Electronics Weekly;11/27/2002, Issue 2078, p1 

    Reports on the delay in the debt-for-equity restructuring of telecommunications company Marconi. Reasons behind the delay; Discussion with its creditors concerning date adjustment; Effect of the delay on the publication of its interim results; Expected completion of the restructuring.

  • Multinational firm specifies standardized voice and data system. Riley, Susan // Cabling Installation & Maintenance;May2001, Vol. 9 Issue 6, p75 

    Focuses on Marconi Communications Inc.'s voice and data communications infrastructure. Strategic plans of the company; Divisions divested from the company; Long-term vision of Marconi; Marconi's cabling strategy; Flood-wiring solution for the firm's infrastructure.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics