SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of May 19, 2003
Commission file number: 0-30924
MARCONI PLC
(Exact name of Registrant as specified in its Charter)
4th Floor
Regents Place
338 Euston Road
London
NW1 3BT
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
In order to utilize the "Safe Harbor" provisions of the United States Private
Securities Litigation Reform Act of 1995 (the "Reform Act"), Marconi plc ( the
"Company") is providing the following cautionary statement. Except for
historical information contained herein, statements contained in this Report on
Form 6-K may constitute "forward-looking statements" within the meaning of the
Reform Act. The words "believe", "anticipate", "expect", "intend", "estimate",
"plan", "assume", "positioned", "will", "may", "risk" and other similar
expressions which are predictions of or indicate future events and future trends
which do not relate to historical matters identify forward-looking statements.
Reliance should not be placed on such statements because they involve known and
unknown risks, uncertainties and other factors which are in some cases beyond
the control of the Company, together with its subsidiaries (the "Group"), and
may cause the actual results, performance or achievements of the Group to differ
materially from anticipated future results, performance or achievements
expressed or implied by such forward-looking statements (and from past results,
performance or achievement). Certain factors that may cause such differences
include but are not limited to the following: (1) any major disruption in
production at our key facilities; (2) changes in the environmental, tax and
other laws and regulations, which, among other things, could cause us to incur
substantial additional capital expenditures and operation and maintenance costs;
and (3) adverse changes in the markets for our products, including as a result
of increased competition in the highly competitive international markets for
such products. These and other risks, uncertainties and factors are discussed in
the Company's Registration Statement on Form F-1 and other filings with the
Securities and Exchange Commission, including this Form 6-K. Shareholders and
prospective investors are cautioned not to place undue reliance on these
forward-looking statements which speak only as to the Company's judgment as of
the date hereof. Any such forward-looking statements are not intended to give
any assurance as to future results. The Company undertakes no obligation to
publicly update or revise any of these forward-looking statements, whether to
reflect new information or future events or circumstances or otherwise.
Press enquiries:
Joe Kelly, tel: 0207 306 1771; email: joe.kelly@marconi.com
David Beck, tel: 0207 306 1490; email: david.beck@marconi.com
Investor enquiries:
Heather Green, tel: 0207 306 1735; email: heather.green@marconi.com
TELECOM ITALIA: MARCONI AWARDED 50M EURO CONTRACTS TO FURTHER DEVELOP OPTICAL
TRANSMISSION NETWORK
LONDON - May 19, 2003 - Marconi Corporation plc (London: MONI) today announces
that Telecom Italia has renewed two frame contracts worth an estimated 50
million Euros (c. GBP36 million) for the supply of high capacity transmission
equipment over the next two years. The agreements will ensure that Telecom
Italia continues to develop its advanced network based on next generation
technologies, characterized by high standards transmission speed and security.
This investment supports the continued deployment of innovative broadband
services to Telecom Italia's customers.
The first frame agreement, worth up to 40 million Euros (c. GBP29 million), is
an extension of an existing frame contract for the supply of a wide range of
Synchronous Digital Hierarchy (SDH) equipment. This latest agreement reaffirms
Marconi's position as the main supplier of this technology to Telecom Italia.
The second contract is worth up to 10 million Euros (c. GBP7 million) and is
related to a frame contract signed in 1999 for the implementation of a new
optical transmission network for Telecom Italia based on Marconi's dense
wavelength division multiplexing (DWDM) technology. This innovative technology
can also operate over dispersion-shifted fibre (DSF) and allows Telecom Italia
to quadruple the capacity of its already installed fibre, with the associated
improvement in operating costs.
The new Marconi DWDM equipment will allow Telecom Italia to provision the
bandwidth for innovative broadband services necessary to satisfy the growing
demands of Telecom Italia's residential and business customers by developing a
more efficient optical fibre backbone network.
ENDS/...
Notes to Editors
About Marconi Corporation plc
Marconi Corporation plc is a global telecommunications equipment, services and
solutions company. The company's core business is the provision of innovative
and reliable optical networks, broadband routing and switching and broadband
access technologies and services. The company's customer base includes many of
the world's largest telecommunications operators.
The company is listed on the London Stock Exchange under the symbol MONI.
Additional information about Marconi Corporation can be found at
www.marconi.com.
Copyright (c) 2003 Marconi Corporation plc. All rights reserved. All brands or
product names are trademarks of their respective holders.
This press release contains forward-looking statements with respect to products,
partners, customers, future growth and other matters. Please refer to the Form
20-F report and Form 6-K reports filed by Marconi Corporation plc with the
United States Securities and Exchange Commission for a discussion of risks that
could cause actual results to differ materially from such statements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MARCONI PLC
By: ____M Skelly____
Name: M Skelly
Title: Company Secretary
Date: 19 May 2003