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Technology Stocks : Marconi Corporation Plc. (OTC BB foreign: MRCQY) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (2)	8/7/2000 1:18:12 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 44

Marconi Wins Multi-Billion Dollar British Telecom Optical Network Contract For SmartPhotoniX Equipment; BT Illuminates Marconi's Optical Strategy MONDAY, JULY 24, 2000 10:49:00 AM EST PITTSBURGH, Jul 24, 2000 /PRNewswire via COMTEX/ -- Marconi MCONY, a global supplier of advanced communications solutions, today announced that it has been selected by British Telecom as a key strategic technology partner to realize its vision of building Europe's most advanced all optical network. "Today's announcement demonstrates Marconi's world leading position in advanced optical networking and in DWDM in particular," said Mike Parton, CEO of Marconi Communications. "Our optical networks solutions are designed to provide a smooth introduction of DWDM, delivering massively increased broadband capacity under the same management system as existing networks with no interruption to customer service levels or management processes." With the explosive growth in demand for bandwidth, the five-year contract is estimated by Marconi to be worth more than $3 billion and is for the supply of Optical Networking and new high performance SDH (Synchronous Digital Hierarchy) equipment, and related services. Marconi will build a complete next generation Optical Network providing their full range of SmartPhotoniX DWDM products exhibited recently at SUPERCOMM2000 in Atlanta. Marconi was also selected as the sole supplier to extend BT's existing core SDH network, which will continue to carry growth in traffic at lower bandwidths. "This contract is a great endorsement of Marconi's solutions to the challenges of network transformation necessary for operators who are going to lead in the Internet age. We can think of no better partner with whom to build and operate Europe's most advanced optical network," added Parton. More than 800 members of the Marconi staff are already working on network design, project management and field force delivery and integration for the BT project, which will create an optical network for the rest of Europe's service providers to follow. Welcoming the landmark deployment for BT, Paul Reynolds, CEO of BT Wholesale, said "This all new Optical Broadband Network will be a key differentiator for BT in terms of both capacity and flexibility. By focusing investment in this area, BT is demonstrating its commitment to maintaining its market and technical leadership in this key growth area. Marconi's extensive optical network product range, its ability to provide solutions, together with its service and support capabilities, have clearly differentiated them in our selection process and will be vital to us as we move forward together." About Marconi plc Marconi plc is a global communications and IT company with 49,000 employees worldwide and sales in over 100 countries. It supplies advanced communications solutions and the key technologies and services for the Internet. Marconi plc is listed on the London Stock Exchange under the symbol MNI. The headquarters of Marconi Communications is in Pittsburgh, PA. All brand or product names are trademarks of their respective holders. CONTACT: Charlie Foreman, Investor Relations, 44 207 306 1545, or charlie.foreman@marconi.com, or Brian Dolby, Media Relations, 44 115 906 4687, or brian.dolby@marconicomms.com, both of Marconi. SOURCE Marconi plc www2.marketwatch.com{A1FC7AED-9629-4B43-905C-444DCBAEAED2}