LONDON-Amid rumors that it was in takeover talks with China’s Huawei Technologies Co. Ltd., Marconi Corp. plc, a U.K. telecom equipment maker, confirmed that the company is “continuing to pursue all strategic options with the objective of maximizing shareholder value.” The company did not confirm whether or not Huawei is involved in the talks.
In a statement, the company said, “These options include, amongst a rage of alternatives, discussions with third parties about potential business combinations. The discussions are at a preliminary stage, and there can be no assurance that an offer will ultimately take place.”
In early May, Marconi announced employee layoffs after the company lost a bid to become a preferred supplier for British Telecom plc’s huge 21st Century Network project. Currently, the company employs about 4,300 people.
Marconi and Huawei announced an equipment distribution agreement in May.
