Marconi Pays Off (Pounds) 670m Debt

Summary


Telecoms giant Marconi today celebrated another milestone after wiping out the debt left over from its restructuring.

The (pounds) 669.5million outstanding from the life-saving overhaul 16 months ago has been paid back ahead of the 2008 deadline set by creditors.

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Extract


Marconi Pays Off (Pounds) 670m Debt

The company, which was left with the sum followi...

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