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November 18, 1993

STET TO TEAM WITH BELL ATLANTIC ON MULTIMEDIA

By CBR Staff Writer

Having teamed with Bell Atlantic Corp in the bidding for the 30% stake and operational control on offer in Matav, the Hungarian state phone company, Stet SpA has moved quickly to expand the alliance, and has preliminary agreement for a joint venture to develop multimedia services, notably video on demand. The joint venture will be majority-owned by Stet and open to other firms.

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