Business & Finance: Spanish Telephones

Spanish Telephone

The efficiency of the private-owned and operated American telephone system compared with the state-owned and controlled systems of Europe has often been remarked. Apparently, Spain has gotten tired of local bureaucrats, and wishes for service in the American fashion. The International Telephone & Telegraph Co., a U. S. concern, will shortly undertake through its subsidiary, the Compania Telefonica Nacional de Espafia, to construct and operate a general telephone system throughout Spain. The work will involve taking over the existing Government-owned system, as well as several private systems.

The Telefonica Nacional is a...

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