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.
posted by Fergie @ 4/28/2005 04:32:00 PM
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