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Technology / AI and automation

EUNETCOM VENTURE EXPECTS TO BREAK EVEN IN FOUR OR FIVE YEARS

Eunetcom GmbH, the business communications joint venture of Deutsche Bundespost Telekom and France Telecom, said yesterday that it expects to break even in four to five years and that annual turnover should reach $500m by 1996: chief executive Claude Olier said in Frankfurt that the company’s nominal capital totalled $80m and that it was making significant investments to set up its global telecommunications network; Eunetcom currently has around 30 customers, including IBM Corp’s European operations, Compagnie des Machines Bull SA and Dun & Bradstreet Corp, with its deal worth around $200m over five years; it expects to wrap up a new contract worth around $500m by the end of year – The contract will run for eight years and should be signed by the end of December, Olier told Reuter; he would not say the name of the new client or how far negotiations have progressed; Eunetcom is the core of Atlas, the strategic alliance between France Telecom and Bundespost Telekom; it expects to have 15% to 20% of the market for global business telecommunications, which Olier reckons is worth around $12,000m annually.

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CBR Staff Writer

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