Troubled firm seems to think it will be around after March 2003... though concedes it will be still be heavily indebted...
Published: 23 October 2001 09:20 GMT
Marconi has entered into talks with its lenders over extending its £4.5bn overdraft.
A syndicate of lenders, headed up by Barclays and HSBC and including Royal Bank of Scotland and JP Morgan Chase, is now in talks with Marconi, despite the ailing company denying last month it would ever seek such action, according to the Financial Times.
Marconi's current facility is set to expire in March 2003.
When or whether Marconi is likely to expire is not yet clear.
Marconi chief agrees to meet union leaders
Marconi shares hit bottom of the pit
Marconi share freefall continues
Marconi set to ditch financial advisers
Marconi shares fall even further
Marconi goes from bad to worse
Marconi says debt won't sink it
Shareholders fuming over Marconi payouts
Experimental Physicist - Scientific R&D Facility - Cambridgeshire A cutting edge and award winning Research and Development (R&D) Facility in ...
Ability to manage a team of 6-12 software engineers, including task planning and code reviews.o Demonstrated expertise in problem solving and ...
In addition, you will enable the delivery of initiatives by managing communications with senior management and ensuring you have their buy-in.What ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Rob Bamforth Plenty of life ahead for RFID and NFC From waving your phone at shopkeepers to saving electrical workers' lives
Peter Cochrane Peter Cochrane's Blog: How the telcos could save themselves Doomed network operators could thrive with a bit of innovation