British Telecom is scrapping its Concert joint venture with the loss of 2,300 jobs and £1.2bn in costs. The widely predicted decision means BT has written down its assets by a staggering £4.7bn this ...

Pivotal deal allows BT and MCI to forge ahead with their new alliances. BT will pay $1bn (#613m) for MCI's 25 per cent stake in international alliance Concert Communications. The deal is pivotal for ...

British Telecommunications Plc, owner of Esat Digifone, said yesterday that sorting out its loss-making Concert global network joint venture with AT&T Corp was a priority. BT, engaged in a major ...

Reuters carries a report from todays (3rd June) Sunday Times regarding possible cost-cutting measures in the Concert BT division. BT Chairman Christopher Bland is quoted as describing Concert’s loses ...

BT is disbanding its joint venture with AT&T, with the loss of some 800 jobs in the UK. The venture, called Concert, was aimed at providing communications to business customers internationally and was ...

BT has announced today that it is disbanding its joint venture with AT&T, with the loss of some 800 jobs in the UK. The venture, called Concert, was aimed at providing communications to business ...

British Telecom and American Telephone and Telegraph have announced plans to dismantle their three-year-old joint venture Concert. Concert, which provides telecommunications services to multinationals ...

BRITISH Telecom is poised to draw a line under its disastrous Concert joint venture with US partner AT&T by finally closing the business. The venture is losing up to £1 billion a year and discussions ...