PROPOSED MERGER
CABLES AND WIRELESS
NEW FEATURE OF NEGOTIATIONS
IMPROVED SERVICE TO NEW ZEALAND (United Preen Assn.— By Telegraph—Copyright.) Ottawa, June 29. A new and striking feature of the cable merger negotiations came to light with lhe notification by the Marconi Company to the Canadian Pacific Telegraph Company that, with the expiry in November, the ten-year contract will not be renewed, and will be replaced with an exclusive business arrangement with Canadian National Telegraphs. The close relationship of the Marconi Company with the Eastern cable lines will result in diverting a vastly increased business to the F2astern lines, which would reach Australia and New Zealand more rapidly than over the Pacific cable It is feared that it will subtract heavily from the Western route. The expiry of the proposed merger lease at the end of ten years might leave the Pacific cable without business. This phase is being considered in London.— Australian Press Association.
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Bibliographic details
Southland Times, Issue 20527, 2 July 1928, Page 7
Word Count
154PROPOSED MERGER Southland Times, Issue 20527, 2 July 1928, Page 7
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