International Telephone & Telegraph Corporation is negotiating for sale of its Rumanian properties, finan-8 cial circles heard, states the "Christian Science Monitor."
Payment, it was believed, would be made out of funds frozen by Federal order when Rumania came under German domination.
The company's subsidiary in Rumania, Societatea Anonima Romano de Telefonai, operates under a government contract signed in 1930. 00 At the end of 1939 its plant and property were veined at $25,941,882 end current assets in terms of United States dollars were $2,416.356.
Since then, however, it was believed fixed capital has been substantially reduced because of cession of Rumai25 nian territory to Russia. Hungary and Bulgaria, Negotiations for compensation of property in such ceded areas, 35|it was understood, have been under way for severd months.
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