Marconi Shenzhen calling

Marconi is in desperate straits after it lost out on BT’s planned upgrade of its network. The UK telecom equipment maker has relied on the British telecoms company for a quarter of its revenues, and Marconi’s business already had a tough time breaking even. So why would China’s Huawei Technologies reportedly be interested in making a bid worth more than £600m for the group? The underlying business doesn’t appear to be sufficient to drag someone thousands of miles to the West. Marconi may genera...