Marconi Wireless Telegraph CompanyInv# TT1012 Stock
This company handled Titanic's sinking transmissions. The Marconi Company Ltd. was founded by Guglielmo Marconi in 1897 as The Wireless Telegraph & Signal Company (sometimes presented as Wireless Telegraph Trading Signal Company). It was renamed Marconi's Wireless Telegraph Company in 1900 and The Marconi Company in 1963. Marconi's "Wireless Telegraph and Signal Company" was formed on 20 July 1897 after the granting of a British patent for wireless in March of that year. The Company opened the world's first radio factory on Hall Street in Chelmsford in 1898 and was responsible for some of the most important advances in radio and television. Marconi's Wireless Telegraph Training College was set up in 1901. Along with private entrepreneurs, Marconi company formed in 1924 the Unione Radiofonica Italiana (URI), which was granted by Mussolini's regime a monopoly of radio broadcasts in 1924. After the war, URI became the RAI, which lives on to this day. In 1999 GEC underwent a major transformation. Marconi Electronic Systems which included its wireless assets was demerged and sold to British Aerospace which then formed BAE Systems. GEC, realigning itself as a primarily telecommunications company following the MES sale, retained the Marconi brand and renamed itself Marconi plc. BAE were granted limited rights to continue its use in existing partnerships, however by 2005 no BAE businesses use the Marconi name. Major spending and the dot-com collapse led to a major restructuring of that group, in a debt-for-equity swap shareholders were given 0.5% of the new company, Marconi Corporation plc. In 1999 Reltec and Fore Systems were acquired at the height of the "dot-com" boom. With its subsequent collapse the Marconi Corporation got into financial difficulties. In October 2005 the Marconi name and most of the assets were proposed to be bought by the Swedish firm Ericsson. The transaction was completed on January 23, 2006 effective as per January 1, 2006. The Marconi name will still be used as brand within Ericsson. At the time of the acquisition Ericsson announced that they would be rebranding Marconi assets Ericsson and retaining Marconi only as the name of the Italian research facility. However the company has since labeled its OMS line and its Long Haul Digital Radio system Marconi. The rest of the Marconi company was renamed as telent plc.
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