Feeds

Ericsson set to buy Marconi

According to reports...

Combat fraud and increase customer satisfaction

Ericsson is in talks which could quickly lead to the takeover of Marconi, according to reports just about everywhere.

The troubled equipment maker said in August that it was in talks leading to a possible sale. At the time Marconi was valued at around £600m and Chinese firm Huawei Technologies fingered as the likely suitor.

But Ericsson could pay as much as £1.3bn for the firm, assuming debt and pension fund obligations. This is twice its current market value, according to documents seen by the Mail on Sunday. The deal could be announced within days. Morgan Stanley, JP Morgan and Lazard are acting for Marconi and Enskilda for Ericsson.

Marconi shares rose nearly ten per cent today but the company told Reuters that it would not comment on rumours.

Figures for the first quarter, ended June 30 2005, revealed a loss of £36m - much of it blamed on costs associated with the failure to win any business from building BT's new network. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.