Friday, April 29, 2005

Rumor: Could Huawei Buy Marconi?

From Light Reading: Could Huawei Buy Marconi?

"Could Chinese vendor Huawei Technologies Co. Ltd. be lining up a takeover bid for troubled U.K. firm Marconi Corp. plc in the aftermath of BT Group plc's 21CN contract award news?" (see BT Choses Huawei as one of its Major Suppliers of New Equipment)

"Should Huawei make a move on Marconi now, it would not only get the vendor at a knocked-down price, but also buy itself into a number of European carrier accounts, a key goal in its international expansion strategy. Marconi counts the likes of Belgacom, Cable & Wireless plc, Deutsche Telekom AG, Telecom Italia SpA, and Telefónica SA, as well as smaller European operators, among its customers. And the two companies know each other already, having forged a business and product development partnership in January this year." (see Marconi to reveal strategic tie-up with Huawei in China)

Read more

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