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January 22, 1997updated 05 Sep 2016 12:35pm


By CBR Staff Writer

There seems to be an endless supply of German utilities itching to get into the telephone business in competition with Deutsche Telekom AG and Swiss Telecom has found two more. It has teamed with EnergieVersorgung Schwaben AG and Badenwerk AG to form Communications Network Services to offer a broad spectrum of telecommunications services to businesses and later to residential customers in the Land of Baden-Wurttemberg. Swiss Telecom will hold 50% and a holding company owned by the two utilities will hold the rest. The two utilities are in the process of agreeing to a merger. Swiss Telecom and its German partners plan to invest a total of $185m over the next five years to link their telecommunications networks and set up a range services in competition to Deutsche Telekom.

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