International Business / The Pacific
Telecom Concerns to Buy Stakes in Newtone: British Telecommunications and Washington-based MCI Communications Corp. said they will own 25% and 15%, respectively, of Newtone Ltd., a venture seeking a license to provide international telecommunications in Israel. BT set up Newtone in March with Israeli partners to establish a Mideast bridgehead. It will compete with Israeli telephone company Bezeq. Newtone plans to apply for a license to provide international telecommunications in Israel in what represents the first phase of competition there. The Israeli partners, with stakes of 20% each, are Globe-Tel Ltd., Idan Software Industries Ltd. and Darcom Ltd.
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