Word: telefonica
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Dates: during 1920-1929
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...Count, whose name is de Guell, is essential because he is a close friend of Spanish Dictator Primo de Rivera from whom the Compania Telefonica Nacional de Espana (dominated by the I. T. & T.) got an almost unrestricted concession to operate all the telephones of Spain, now and hereafter...
...Marques, Don Estanislao de Urquijo, is president of the Compania Telefonica and has inherited a close financial connection with the Bourbon dynasty (his father having given many a shrewd bit of advice to Alfonso XIII. in the King's early days. The present Marques de Urquijo is rated Spain's greatest banker (Banco Urquijo of Madrid...
...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...
...Telefonica Nacional is a Spanish concern, run with Spanish capital. But control rests with I. T. & T., which will act as its technical and financial adviser. Spain is the first European country to abandon a state-owned system for International Telephone & Telegraph management. Yet negotiations are already under way for similar "deals" in France and Italy, and still other European countries may also fall into line...