Struggling telecoms manufacture Marconi is likely to reveal a further decline in revenues for the three months ending 31 December 2001. An announcement is expected tomorrow (Tuesday).
Reports predict that sales of its phone equipment, which the company is now focused on, will have fallen by a third in the quarter.
Marconi's move towards this market sector was highlighted by the recent sales of its Data Systems industrial printing arm for £276m ($400m) and its Commerce Systems division for £224m ($325m) in a bid to lower debt.
The troubled firm is expected to announce that it has met its debt reduction target with the sell-off of non-core divisions. Debt for the company should now be between £2.7bn and £3.2bn. Marconi currently has a market value of just £1.1bn.
The slowdown in telecoms equipment sales has also impacted Marconi's competitors, which include Alcatel, Cisco and Lucent.
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