New Marconi milestone as debt is wiped out

Telecoms equipment group Marconi celebrated another milestone today after it wiped out the debt left over from its life-saving restructuring.

New Marconi milestone as debt is wiped out
Thu, 02 Sep, 2004 - 09:52

Telecoms equipment group Marconi celebrated another milestone today after it wiped out the debt left over from its life-saving restructuring.

The $1.2bn (€984.4m) outstanding from the overhaul 16 months ago has been paid back ahead of the 2008 deadline set by creditors.

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