att philip bid cgct outlin american telephon telegraph co philip telecommun bv apt hold pct direct indirect hold franc cie general de construct telephoniqu joint bid french partner privatis firm succe director partner firm said marc mathieu societ anonym de telecommun sat told journalist bid foresaw direct stake pct apt joint firm set att nv philip gloeilampenfabrieken pglo other pct hold compani made sat apt cie du midi mcdp pa five mutual fund french law foreign investor ar restrict pct direct stake privatis compani boost stake pct indirect hold make hold compani subject close discuss govern legal queri nation mutual fund financ ministri offici said bought french citizen ar manag foreign bank morgan guaranti trust co new york banqu de neufliz schlumberg mallet sa control algemen bank nederland nv abnn sat spokesman said cgct control pct french public telephon switch market sold govern mln franc privat tender five group ar bid compani govern ha said choos cgct new owner end april apt vice presid wim huisman told new confer capit increas envisag sat apt win cgct declin give detail sai increas affect foreign stake cgct cgct post loss mln franc sale three billion loss mln franc joint sat apt statement ad buyer commit invest mln franc cgct research product plant apt sat offer includ provis cgct produc apt ess prx switch technologi adapt french standard tender launch draft agreement att take cgct abandon follow introduct french govern privatis law reopen bid wider rang applic other candidaci take cgct includ west germani siemen ag sieg alli schneider sa schn pa subsidiari jeumont schneider sweden telefon ab lm ericsson eric st alli matra matr pa bouygu sa boui pa itali italtel canada northern telecom ltd ntl reuter