TeleVideo Systems Inc, San Jose has signed two joint venture agreements to market its computers in the Soviet Union – with ready customers in the form of the departments of the Municipality of Moscow and the Ministry of Construction: the first pact is between TeleVideo Systems, ABM Computer Systems GmbH, West Germany and the Municipality of Moscow under which computers will be provided to Moscow to increase the computer capabilities in the city’s infrastructure, and as part of the agreement, Moscow is providing land near the Kremlin which will be developed by the venture into an office and hotel complex for use by Western visitors to provide a source of hard currency earnings to pay for the computers; the second agreement, also with ABM Computer Systems, and the Ministry of Construction, involves TeleVideo providing computers computer parts for use within the Ministry and for resale through a computer store chain that is being set up in Moscow as part of the joint venture.
