AGE OF MERGERS.
WIRELESS AND CABLES COMBINE. United Press Association —By Electric Telegraph—Copyrlsht LONDON, July 14. At a meeting of the Marconi Wireless Telegraph Company, Lord Inverforth presiding, revealed the reasons why the company agreed to merge with the cable companies. He said: “When we went before the Imperial Wireless 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 find ourselves faced with the competition of the Government and tile 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 on our revenues."
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Bibliographic details
Timaru Herald, Volume CXXV, Issue 18620, 16 July 1930, Page 9
Word Count
136AGE OF MERGERS. Timaru Herald, Volume CXXV, Issue 18620, 16 July 1930, Page 9
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