	siemens rebutts u s criticism on cgct offer siemens ag sieg f rebutted u s criticism it is blocking american telephone and telegraph corp s t n at and t entry into french telecommunications firm compagnie generale constructions telephoniques cgct management board member hans baur told journalists that the uisition of a joint pct stake in cgct by at and t and philips gloeilampenfabrieken nv pglo as had not been decided on two years ago as claimed by at and t the french government which owns cgct had asked siemens at the start of to submit an offer for the stake in cgct the result of the negotiations was still open baur said siemens had first made an offer last summer the handelsblatt newspaper today quoted at and t chairman james e olson as saying that siemens attempt to stop at and t and philips could lead to a resurgence of protectionism in the u s baur said he expected the french government to decide on the winning bid by the end of april cgct s share of the french switchboard market amounts to around pct the french government has limited cgct participation by foreign companies to pct and set a price of mln francs for the whole company bauer said the pct limitation would only apply to the initial stake he did not rule out a stake increase later but said siemens aim was to introduce its technology bauer said siemens and french telecommunications firm jeumont schneider sa submitted a joint offer at the start of march because of the pct limitation both companies will form a joint venture to take over the whole of cgct siemens will have a pct stake in the new company while jeumont schneider will own pct apart from investing mln francs for the modernisation of cgct a new research centre with was also being planned reuter 
