Telefonica SA of Spain is close to agreement on a joint venture to manufacture telephone equipment in the Soviet Union, reports the Wall Street Journal. The plan is to make low-technology telephones and Telefonica may import some of the output. Most western firms are still cautious about Soviet joint ventures, because the new profit repatriation rules are still hazy.
This article is from the CBROnline archive: some formatting and images may not be present.
CBR Online legacy content.