K)
Fujitsu Signs
Tadiran Agreement
>
Jerusalem (JPFS) — Tadiran
Telecommunications said it has signed
a three-year contract with Fujitsu
Australia for the supply of its Coral
phone switching systems.
In a statement, the company said
the agreement is worth tens of mil-
lions of dollars. Sources close to the
deal said that the contract is valued at
$20 million to $30 million.
The Australian company, which
provides telecommunications systems
and solutions, is a subsidiary of
Japanese computer producer Fujitsu.
Partner Wins
Cell Phone Tender
L
Jerusalem (JPFS) — Partner
Communications Company has won
the tender to become the country's
third supplier of cellular phone ser-
vices, the Communications Ministry
announced.
The group will have the right to
operate for 10 years with an optional
extension for six years — the same
terms as the existing two companies,
Pelephone and Cellcom.
Communications Minister Limor
Livnat said that having a third
provider in the market will benefit
consumers.
Cross-Israel
Highway Agreement
Jerusalem (JPFS) — The Treasury and
the Derech Eretz consortium signed
the agreement for the building, main-
tenance and operation of the initial 86
kilometer section in the Cross-Israel
Highway.
Derech Eretz was awarded the ten-
der to construct the road. Total invest-
ment in the project is estimated at $4
billion and the company has promised
to complete the works in five years.
Caniel Opens
In Jordan
Jerusalem (JPFS) — Petah Tikva-
based Caniel, Israel's largest producer
of metal cans and plastic bottles,
recently completed construction of a
factory in Irbid, Jordan, and has
begun the partial operation of produc-
tion lines, a company spokesman said.
If you think we've been
helpful in the past,
wait till you see what we
can do for your future.
Over the years, Comerica has helped countless people reach their financial goals. Today,
there are even more ways we can help you plan for tomorrow. Be it a Comerica bank
traditional IRA, a new Roth IRA, or competitive fixed rates on time deposit accounts. And
our Private Banking Relationship Managers can assist you with tax and estate planning
in regard to the new tax laws. What's more, we can also refer you to Comerica Securities
for consultation and advice on investment options. For more information, visit any
Comerica bank branch or call 1-80o-292-130o today. And start planning for your future.
comencA
We listen. We understand. We make it work.®
Mutual Funds and other investments offered by Comerica Securities are not FDIC insured;
are not deposits or obligations of, or guaranteed by Comerica banks; and involve risk, including possible loss
of principal. Comerica Securities is a broker-dealer, member NASD/SIPC and an affiliate of Cornerica banks.
Comerica banks Equal Opportunity Lenders Members FDIC
www.comerica.com
Our CD'S
Don't play
Music,
1"
--44 1.11,6571.2.R
11 ■ ____
.111 16...–__ BANK
SM
.111
Member F.D.I.C.
but could
be Music
to your Ears
248-338-7700 or 248-352-7700
2600 Telegraph Rd. • Bloomfield Hills • MI 48302
This is a Federal Deposit Insurance Corporation insured account (FDIC). A minimum opening
deposit and balance of $500.00 is required to obtain the stated Annual Percentage Yield.
*Annual percentage yield when compounded quarterly. Rate is accurate as of
3/6/98. Penalty for early withdrawal from certificate accounts may be assessed.
3/6
1998
133