TELECOMMUNICATIONS
Russia to Upgrade Antiquated Phone System: The first phase of the $40-billion project will be launched in early 1995. Three Western partners--US West of Englewood, Colo., Germany’s Deutsche Telekom and France Telecom--are expected to sign a memorandum of intent on Oct. 10 in Moscow. The three agreed to invest $600 million in the first phase of the project. It will connect 50 Russian cities with 30,000 miles of fiber-optic cable to create a modern telecommunications network and allow the installation of 20 million new telephones within 10 years.
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