By Ian Jones, 29 November 2001 08:17
NEWS Marconi met with its 31 creditor banks this week as the crisis-hit telecoms equipment maker tries to renegotiate its debts. The meeting was the third since Marconi's new management team started in September, but it will be far from the last. According to a report in the Financial Times, a final decision is not expected until well into next year. Despite admitting that no decision has been reached, Marconi executives remained upbeat, saying progress had been good. Barclays and HSBC are expected to lead the final debt renegotiation.
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