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February 6, 1997updated 05 Sep 2016 1:06pm

ASCOM TO FORM CHINESE SMART CARD PAY PHONE VENTURE

By CBR Staff Writer

Ascom Holding AG, Berne says it has completed talks on forming a joint venture with a Chinese partner to produce Smart Card pay phones. The partner is Guangzhou Telecommunications Factory, which comes under the authority of the Chinese Post & Telecommunications Ministry in Peking. Ascom will hold 51% of the new company and will have management responsibility. Initially, annual production will run at 20,000 pay telephones a year, with production expected to begin in April.

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