Word: telefonica
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Dates: during 1980-1989
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...industrial zone just outside the capital city, joint ventures between Spanish and foreign firms are mushrooming. Perhaps the most impressive project is a $200 million plant being built by a partnership of AT&T and Spain's Telefonica. The factory will soon begin producing 3,000 highly complex custom-made electronic microchips a week for export. AT&T was lured in part by the Spanish government's aid, which included a $74 million cash subsidy, a $75 million loan and 400 acres of land...