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February 8, 1989


By CBR Staff Writer

Racal Telecommunications Group Plc has beaten British Telecommunications Plc, the Deutsche Bundespost, and Sweden’s Televerket in the bidding to partner the Greek telephone monopoly OTE in building a cellular phone network for Greece. No formal details have been released, but according to the Financial Times, Racal Telecom will hold just under a quarter of the equity in partnership with OTC, 51%, and two Greek companies. The licence is said to run for 25 years, with installation due to start in Athens next year; planned investment is put at $60m.

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