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  1. Technology
May 11, 1987


By CBR Staff Writer

Telettra SpA, the telecommunications equipment subsidiary of Fiat SpA that is shortly to be merged with Italtel, has reported net profits for 1986 up 30% at the equivalent of $31m on turnover of $438m. The company reports that research and development expenditure was 11.8% of turnover at $51m, and orders were up 20% during the year to $550m. The company took on an additional 356 employees to leave it with 4,930, and it signed collaboration agreements with Jeumont-Schneider of France and Telenorma of West Germany. It also set up a new division to develop mobile telephone equipment.

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