Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
According to reports in two UK newspapers, the Sunday Times and the
Financial Times, Huawei Technologies, China's biggest maker of
telecommunications equipment, is considering buying UK telecoms
manufacturer Marconi for around $US1 billion. The news sent Marconi
shares up by 17 percent. Marconi re-iterated an earlier statement that
it was pursuing "all strategic options," including talks with others
about "potential business combinations."
Marconi lost out on a bid for a major role in BT's multibillion dollar
21CN project, and Huawei was named then as a possible buyer. Shortly
after losing the deal, Marconi announced it would trim its workforce by
800. Commenting on the news Ovum said: "When Marconi lost out in the BT
21CN contract the market's automatic reaction was 'Marconi's finished'.
And yet the company itself came out fighting by instantly changing its
strategy to target the up and coming second tier European operator
market. After less than six months though the company looks to be sat
in its corner, defeated."
Ovum suggested: "There are some parts of [Marconi] that will be of
value to a company such as Huawei, mainly its sales and service
workforce, but others, such as R&D, which are not. Heavy redundancies
may therefore be forthcoming if this deal [goes] ahead."
Marconi and Huawei signed a partnership deal in May under which Marconi
will market Huawei's network technology in Europe and Huawei will sell
Marconi's wireless equipment in Asia.
David Bass
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