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June 24, 1990

SIEMENS INVESTS IN JOINT VENTURE

By CBR Staff Writer

Hot on the heels of Alcatel NV monster agreement in the Soviet Union, Siemens AG says it is to invest $95m in a joint venture to manufacture digital telephone exchanges in the US: the partners in the venture are Po Korolov of Kiev and the Soviet Ministry of Communications: manufacture of the EWSD switches in Kiev is planned to start next year.

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