NEWS Marconi has sold a 21.5 per cent stake in Siemens Telecommunications for £20m. The move marks an attempt to reduce its debt mountain and is in line with its strategy of jettisoning non-core assets. Before Marconi ploughed ahead with its transformation into a fully-fledged telecoms equipment provider, and before the name change from GEC, the company and Siemens were the co-owners of telecoms venture GPT.
Marconi cashes in on Siemens
It's a drop in the ocean, but it's something...
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