Ericsson to buy most of Marconi for $3 billion
Telecommunications equipment vendor Ericsson is to buy parts of struggling UK-based vendor Marconi for £1.2 billion (NZ$3.04 billion).
Telecommunications equipment vendor Ericsson is to buy parts of struggling UK-based vendor Marconi for £1.2 billion (NZ$3.04 billion).
UK telecomms equipment maker Marconi, undaunted by losses of hundreds of millions of pounds and tens of thousands of job cuts, is touting a flash new payphone to New Zealand customers.