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NORTHERN TELECOM TO MANUFACTURE THE SL/1 PABX IN FRANCE

Northern Telecom Ltd has firmed up its plans to manufacture the SL/1 PABX in France by forming a joint venture company in which it will invest $50m for a majority stake, its partners being Banque Worms and venture capitalist Compagnie Generale d’Industrie et de Participations: the proposed company is expected to employ about 300 people.

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