I.T.&T.; Activity was noted last week on International Telephone & Telegraph Corp.'s. Rumanian and Chinese fronts: on the former, victory; on the latter, defeat. Rumania's new King Carol approved the telephone monopoly granted the I. T. & T. by Parliament. The monopoly agreement is drawn up along the lines of the I. T. & T. Spanish concession. In China, on the other hand, the National Government last week termed invalid the franchise recently acquired by I. T. & T. to operate the telephone system in the International...
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