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PISTOL HELD TO HEAD OF MARCONI CO. COULD NOT FACE RATE WAR Reed. 11.5 a.m. LONDON, Monday. At a meeting of the Marconi Wireless Telegraph. Lord Inverforth, presiding, revealed the reasons why the company agreed to merge with the cable companies. He said: When we went, before tlie Imperial Wireless and Cable Conference we were told that the Marconi Company would not be allowed to destroy the cable companies’ business. In other words, if we did not come to an agreement, arrangements would be made between the Government and the cable companies. “We should then have found' ourselves faced with the competition of the Government and the cable companies acting together, and the cable companies, with huge reserves amounting to many millions, would have embarked on a rate war which would have had disastrous consequences for our revenues.”
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Bibliographic details
Sun (Auckland), Volume IV, Issue 1024, 15 July 1930, Page 9
Word Count
141FORCED TO MERGE Sun (Auckland), Volume IV, Issue 1024, 15 July 1930, Page 9
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