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Technology / AI and automation

COMPANIA TELEFONICA AND SUMITOMO TO MAKE JOINT VENTURE

Hungry for joint ventures, Compania Telefonica Nacional de Espana SA is now in discussions with Sumitomo Electric Industries Ltd on building a plant to manufacture optical fibre in Spain: any venture would likely be majority-owned by the Japanese company, and the talks follow an aborted attempt at a similar venture with Corning Glass Works, which was aborted because of plunging prices for optical cable.

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CBR Staff Writer

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