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April 15, 1997updated 05 Sep 2016 12:57pm

AT&T SIGNS TRANSATLANTIC FIBER CABLE DEAL

By CBR Staff Writer

AT&T Corp signed a memorandum of understanding with Telefonica de Espana SA, Telecom Italia SpA and Companhia Portuguesa Radio Marconi to lay a transatlantic fiber cable that will go into service by July 1999. The total cost of the Columbus III project is expected to be $270m to $310m, AT&T declared.

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