ITT <ITT>, ALCATEL SETTLE FINAL PAYMENTS
ITT Corp said it received a final 400
mln dlr payment for its telecommunications joint venture with
<Alcatel NV>, settling all accounts in the venture.
    The company had previously said it was due to receive the
400 mln dlr payment.
    Alcatel NV was formed last year when ITT and <Cie Generale
d'Electricite> of France merged their telecommunications
business. ITT received a 37 pct interest in Alcatel and 1.3
billion dlrs in cash, including today's payment.
 Reuter
