AT&T sets accord to adapt, sell gear in Russia
Article Abstract:
AT&T signs a joint venture pact with Russian telephone equipment vendor Dalnya Sviaz to create AT&T Networks St Petersburg, a company that will market AT&T equipment throughout Russia. AT&T holds 68 percent of the firm, with the remaining 32 percent owned by Sviaz. Initially, the new firm will be supplied by AT&T Network Systems International's Huizen facility. The equipment will then be converted to the specifications of Russia's old-fashioned telephone system by AT&T and Sviaz. AT&T, which is said to have invested a 'few million' in the deal, has also signed an agreement to implement and run a long-distance phone service in the Ukraine. AT&T continues to call for the US to lift its high technology equipment shipment restrictions to the former Soviet Republics. Other telecommunications firms that have invested in the area include France's Alcatel and Canada's Northern Telecom Ltd.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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N.V. Philips, seeking to improve profits, is expected to quit AT&T joint venture
Article Abstract:
NV Philips is expected to sell off its 15 percent stake in AT and T Network Systems International in an effort to boost sagging financial performance. The large Dutch electronics company's pullout in the AT and T joint venture has not been announced and officials at AT and T are calling the rumors pure speculation. AT and T owns 59 percent of AT and T Systems International, which provides telephone exchanges and transmission gear for public telephone companies. AT and T will own 74 percent of the company if NV Philips pulls out and will continue to seek European partners. Telefonica de Espana SA plans to take a six percent stake in the joint venture. Telefonica will pay for its share of the new venture by swapping its 20 percent stake in another AT and T joint venture, AT and T Microelectronica Espana.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Nynex, Philips join to develop 'screen phones.' (Philips Electronics NV)
Article Abstract:
Philips Electronics NV and Nynex Corp announce plans to co-develop and test an information system that will deliver text and voice over a new generation of home telephones that will sell for less than $200. The two companies will base their system on standards announced in Dec 1992 by Bell Communications Research Corp (Bellcore), the Baby Bells' research arm. The Philips/Nynex effort poses the biggest threat yet to AT and T, which has eschewed Bellcore's efforts and is instead developing a proprietary design at a tardy pace. The success of the phone-screen ventures will hinge on how quickly they will escape the restrictions of voice-only messaging and allow users to transfer funds, order tickets and send electronic mail.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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