Troubled Marconi has distanced itself from reports that it is poised to be bought by Swedish telecoms giant Ericsson.
Marconi, which has effectively been up for sale since missing out on a key contract from BT, said in August that it was in preliminary talks over potential " business combinations".
It has not confirmed the identities of potential buyers, but it has been widely reported as holding talks with Chinese firm Huawei Technologies. China's ZTE, France's Alcatel and Siemens AG of Germany have also been mentioned and yesterday it was widely reported that Ericsson was the most likely buyer.
A Marconi spokesman told The Birmingham Post: "This is just another rumour, there is nothing more to say."
Last month Marconi confirmed that it was still in talks with potential suitors about possible business tie-ups. "We're just talking to people and will see if anything interesting materialises," said Marconi chairman John Devaney, on the sidelines of an event to launch a new sales centre in Shanghai.
He declined to give any names or say what options were being considered, adding that the company's main purpose in exploring such alternatives was to increase shareholder value.
In August, the group - formed out of industrial conglomerate GEC - said it was in the early stages of discussions about "potential business combinations".
The brief statement followed reports which said Chinese firm Huawei was involved in exploratory talks over a possible £600 million takeover of Marconi, which is cutting some 450 jobs at its base in Coventry.