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May 31, 1988

TELEFONICA DE ESPANA TO MODERNISE THE MOSCOW TELEPHONE SYSTEM

By CBR Staff Writer

Telefonica de Espana SA says that it will sign agreements with the Soviet Union this week on its proposed joint venture to modernise the Moscow telephone system: Telefonica is also hopeful that the Soviets will adopt its radio-based telephone system to bring phones to sparsely-populated rural areas.

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