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July 4, 1990

TELEFONICA DE ESPANA TO HOLD 10% OF TELECOSUR

By CBR Staff Writer

Telefonica de Espana SA will hold 10% of Telecosur SA, a company it has established with Techint SA, 15% and Citicorp, 20% to manage and finance its 60% stake in the southern zone of Argentina’s Empresa Nacional de Telecommunicaciones: the other 55% of Telecosur will be held by Spanish and foreign banks.

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