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Technology Stocks : MONI - Marconi Nasdaq ADR
MONI 0.00346-3.9%Nov 7 9:30 AM EST

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To: ms.smartest.person who wrote (53)3/27/2001 7:03:32 PM
From: ms.smartest.person  Read Replies (1) of 129
 
Marconi Expands in China With New Solutions for Optical

Network,
Internet and Cable Operators



HONG KONG, March 27 /PRNewswire/ -- Marconi (Nasdaq: MONI)(London: MONI), a global provider of advanced communications solutions, has expanded its penetration of the Chinese communications market, with a wave of new contracts to supply leading-edge solutions to provincial telecoms operators, regional utility companies and a cable television enterprise which is moving into internet technology.
The new contracts won by Marconi include four from provincial operators owned by China Unicom -- the country's second largest telecom company. They are in Shanghai, Guangdong, Anhui and Fujian. A fifth provincial operator, Ningxia Telecom, part of China Telecom, has also bought Marconi SDH to develop its network.

Two of China's major regional utility companies, North China and North East China Electric & Power, have chosen Marconi SDH to build an inter-company connection carrying voice and data at high speed over optical fibre.

And in southern China, regional cable television company Jiangmen CATV has purchased a Marconi switching solution which will create a new high speed internet protocol (IP) network serving banks, power utilities, businesses and official organisations including customs. The network will use IP over asynchronous transfer mode (ATM) technology, combining the flexibility and access of Internet with the very high speeds attainable from ATM

Yudan Jin, Marconi Communications' president, Asia Pacific, said: "Our latest wins are clear evidence that operators throughout China see Marconi as a major solutions-provider in a broad range of network applications, as the country continues its programme of modernising and expanding its communications infrastructure.

"They also demonstrate the success of our strategy to develop our position in China with multiple routes to market, including joint manufacturing ventures with key local players and a strong marketing and customer service presence in-country."

Last year Marconi set up the Guilin Marconi Technology (GMT) joint venture in partnership with the Guilin Optical Communications Engineering Factory, which is part of the Chinese Ministry of Information Industries (MII) -- the government department responsible for national communications policy.

In 1996 it formed the Shanghai Marconi joint venture in partnership with the Shanghai Railway Communications Equipment Factory -- another state-owned manufacturer of telecoms equipment. Its customer base includes China's rail companies.

In addition to its joint ventures, Marconi has well-established customer- facing operations in Beijing and Hong Kong, supported by regional offices.

SOURCE Marconi Communications

-0- 03/27/2001

/CONTACT: Marketing Communications Department of Marconi Communications, +852-2919-8282/

(MONI)

CO: Marconi Communications; China Unicom; Ningxia Telecom; Jiangmen CATV ST: China IN: TLS MLM SU: CON

quote.bloomberg.com
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