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We show that one single-mode squeezed state distributed among N parties using linear optics suffices to produce a truly N-partite entangled state for any nonzero squeezing and arbitrarily many parties. From this N-partite entangled state, via quadrature measurements of N-2 modes, bipartite entanglement between any two of the N parties can be "distilled," which enables quantum teleportation with an experimentally determinable fidelity better than could be achieved in any classical scheme.
Loock et al. (Mon,) studied this question.