If the AT&T Co-Italtel SpA agreement finally comes off it should promote the US multi-national’s second objective in its European strategy, which is to enter the public telecommunications market in Spain in competition with Alcatel Standard Electrica SA and L M Ericsson AB’s Intelsa subsidiary: Telefonica de Espana SA has been testing AT&T ESS-5 exchanges in the Spanish network for some months now, and hopes to sort out an agreement in the course of this year; that, in turn, will enable a Spanish company (probably Amper SA) to participate in AT&T Network Systems, along with Philips NV and Italtel, as part of AT&T’s European industrial reorganisation.
