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November 17, 1995

PIRELLI TEAMS WITH QUANTE ON TELECOMMUNICATIONS

By CBR Staff Writer

Tyre-maker Pirelli SpA, already big in cables, wants to diversify its telecommunications interests and has teamed with German telephone equipment company Quante AG in a joint venture to develop worldwide integrated telecommunication systems. The new Pirelli-Quante GmbH will be 70%-owned by Pirelli and 30%-owned by Quante and will be based in Wuppertal near Dusseldorf, Germany. It will focus on integration of long-distance high-speed telecommunications network systems, and marks the entry of Pirelli Cables into systems integration of long distance networks, extending its presence on European and North American communications markets.

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