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Politics : Formerly About Applied Materials

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To: John Trader who wrote (51681)	9/7/2001 12:23:51 PM
From: michael97123	Read Replies (2) of 70976

John, I was just thinking about you when i saw this. Russia is so freakin big. So much cable to be laid. mike Friday September 7, 12:14 pm Eastern Time Russia fibre optic firm says Corning buys stake MOSCOW, Sept 7 (Reuters) - Corning Inc. (NYSE:GLW - news), the world's largest fibre optic cable maker, bought a quarter of a Russian factory for an undisclosed sum, TransTeleKom, the owner of the factory said on Friday. ``A deal on Corning buying a little more than 25 percent of shares in ZAO TRANSVOK -- a Russian factory which produces fibre-optic cable and accessories -- has been completed successfully,'' TransTeleKom said in a statement. ``The controlling stake of the factory was kept by ZAO TransTeleKom Company, set up by Russia's Railways Ministry.'' Corning Inc will help TRANSVOK in selling its produce, the statement said. TransTeleKom is building a telecoms network along railways and hopes to sell a 49 percent stake to a foreign investor for $1 billion.

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