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March 8, 1994

COMPAGNIE GENERALE DES EAUX WIN TELEPHONE FRANCHISES IN HUNGARY

By CBR Staff Writer

France’s Compagnie Generale des Eaux SA is one of the winners of telephone franchises in Hungary and will operate services in two regions: it plans to invest $120.9m in the telephone systems of Szeged and Szentes; the regions now have 64,000 telephone users out of a 440,000 population; Hungary is now contracting out operation of 25 regional telephone systems, after the privatisation of Matav, former state telecommunications company.

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