Marconi

LONDON-Marconi plc continues to feel the pangs of a sliding market as it announced plans to lay off 500 workers, warning that future conditions do not look promising. “A continuing …

TABY, Sweden-Allgon said it will supply microwave radio equipment to Marconi Communications GmbH for sale as standalone units or as part of a package to complement Marconi’s fixed wireless communications …

NEW ORLEANS-Marconi’s Wireless Business Unit and SnapTrack Inc., a unit of Qualcomm Inc., said they have agreed to cooperate on the development of an enhancement to Marconi’s Planet EV network …

NEW YORK-The Marconi Foundation announced Andrew Viterbi, who developed the interference suppression algorithm used for major digital standards, will be a panelist at its Nov. 8 conference, “WWW Redux: Trends, …

LONDON-Unconfirmed reports stated telecom equipment maker Marconi has sold its mobile unit to Italian state-controlled defense and engineering company Finmeccanica. Finmeccanica has approved US$594.5 million to acquire the struggling mobile …

LONDON-Unconfirmed reports stated telecom equipment maker Marconi plc has sold its mobile unit to Italian state-controlled defense and engineering company Finmeccanica SpA. Finmeccanica has approved $594.5 million to acquire the …

DUBLIN, Ireland-BAE Systems and Marconi Mobile have been chosen as the preferred bidders for a major contract with the British armed forces for the provision of a secure wireless communications …

LONDON-Hewlett-Packard Co. and Marconi Plc say they will work together to provide wireless and wireline products and services for the Latin American market. “By combining the networking expertise of Marconi …

LONDON-U.K. telecom player Marconi plc said on Friday that the company would be delisted from the Nasdaq on July 3. The company said its American Depositary Receipts will be delisted …

LONDON—U.K. vendor Marconi plc said it will not unveil a new business strategy because of its talks with banks and bondholders have entered a new phase. “Tripartite discussions are now …

PITTSBURGH, United States—Marconi said it will provide wireless access and a synchronous digital hierarchy (SDH) backbone to Brazilian mobile operator Tele Centro-Oeste Celular (TCO). Marconi will also provide all necessary …

FRANKFURT, Germany—Ratings agency Moody’s Investors Service has downgraded Marconi plc to Ca from B2 in its unsecured bond, while the company’s senior implied rating dropped to Caa3 from B1. “The …

LONDON—Equipment vendor Marconi posted a US$7.4 billion pre-tax loss in its first-half report, attributing the results to a flagging market and the uncertainties created by the 11 September attacks in …

LONDON-Marconi Corp. and Somera Communications announced a strategic partnership to deliver configuration of Marconi’s power solution combined with Somera’s OneSource services for rural carriers across the United States. “Through our …

LONDON-European vendor Marconi said its third-quarter results met its projections with an operating profit of US$7.5 million. The company, which announced the resignation of its chief executive in the wake …

LONDON—European vendor Marconi PLC said its third quarter results met it projections with an operating profit of $7.5 million. The company, which announced the resignation of its chief executive in …

LONDON—Moody’s Investor Services has cut the ratings of European vendor Marconi plc to Ba1 from Baa2, the second ratings agency to relegate the firm to junk status. Standard & Poor’s …

Standard and Poor’s has downgraded U.K. telecom equipment maker Marconi to “BBB-” from “BBB+”, just on the edge of junk bond status. The credit ratings agency said it could downgrade …

LONDON—Standard and Poor’s has downgraded U.K. telecom equipment maker Marconi to “BBB-” from “BBB+”, just on the edge of junk bond status.The credit ratings agency said it could downgrade the …

LONDON-Panting from a barrage of criticisms from its shareholders and calls for a boardroom overhaul, Marconi plc said it will go back to basics by cutting costs and concentrating on …

Two major equipment vendors, one in the United States and the other in Europe, continued to walk on clay feet last week. Motorola Inc. announced a second-quarter loss while Marconi …

OTC Wireless OTC Wireless unveiled its AirEZY-Access Management Unit, a product designed to make managing LAN and MAN networks easier. “Our new AirEZY AMU allows for massive scalability coupled with …

Their words were cautious yet wise, and at times peppered with remorse, but as Cingular Wireless Chief Executive Officer Stephen Carter and Verizon Wireless President and CEO Dennis Strigl addressed …

NEW YORK-To celebrate World Environment Day, a group of telecommunications carriers, equipment vendors and industry associations formed the Global e-Sustainability Initiative last week, an alliance billed as the first of …

LONDON-The wireless division of Marconi has acquired Northwood Technologies, a Canadian wireless telecom software company, in a transaction valued at more than $27 million. With the acquisition of Northwood software …