Nynex Corp, responding to a Chinese press report, says it has signed only a memorandum of understanding on China’s telecommunications sector and was aware that it had no contract with the country: China Daily quoted the Ministry of Electronics Industry as saying that the memo signed between Nynex and itself was only to set up pilot network in a few Chinese cities, not a contract to build a second network.
NYNEX HAVE SIGNED ONLY A MEMORANDUM OF UNDERSTANDING IN CHINA
