ABSTRACT
It is on 20 July 1897 that this history really begins, for on that day ‘The Wireless Telegraph and Signal Company Limited’ 2 came into being, with the objective of developing the Marconi apparatus commercially. It had a capital of £100,000. Marconi was awarded £15,000 for his patents, out of which he paid the formation expenses. In addition he received 60,000 of the 100,000 one pound shares. The remaining 40,000 shares were put on the market for public subscription, out of the proceeds of which Marconi was paid, and £25,000 was provided as working capital.
