Thursday, April 28, 2005

Marconi plunges on BT deal news

As a result of the announcement by BT, which named suppliers for their 21CN (21st Century Network), the BBC also reports that:

Shares in Marconi have fallen nearly 40% after the telecoms equipment group failed to win a major contract from BT.

The UK company generates about 25% of its work from BT but it was not among the eight named preferred suppliers for a new £10bn ($19bn) network.




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