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Technology / AI and automation

SIEMENS AG HAS SIGNED FOR A JOINT VENTURE AGREEMENT WITH ELECTROMAGNETICA AND ROM POST TELECOM

Siemens AG has signed for a joint venture agreement with Electromagnetica and Rom Post Telecom to assemble EWSD digital telephone exchanges in Romania: the new company will be 49% owned by the German firm, 51% by the local interests and investment is put at $10m, to be split pro rata; annual capacity will start at 100,000 lines of EWSD next year, rising to 500,000 later.

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CBR Staff Writer

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