Huawei and ZTE rumoured to be eyeing Marconi

11 May 2005

According to the South China Morning Post, Chinese vendors Huawei Technologies and ZTE are considering a buyout of ailing UK equipment supplier Marconi. Rumours of possible bids have been circulating ever since Marconi failed to secure vital contracts from UK incumbent BT last month. Both Chinese vendors are thought to be keen to expand their businesses in the western European telecoms markets.

China, United Kingdom