Telephone services
The British telecom giant British Telecom is set to reveal the details of a $10 billion (£6 billion) joint venture with AT&T, marking a significant shift in its international strategy. The joint venture is expected to boost BT's earnings in the first year, with analysts predicting
Telephone services
In a significant move to tap into the global telecommunications market, BT, Britain's biggest phone company, has entered into a $6 billion joint venture with US telecommunications giant AT&T, effectively ruling out a full-scale merger in the US. The partnership, yet to be named, will pool
Telephone services
British Telecommunications PLC will replace MCI Communications Corp. as AT&T's partner in an international joint venture, giving both companies access to new customers and new markets. The possible multibillion-dollar deal is set to replace the existing Concert partnership between BT and MCI, which is being dissolved
Telephone services
As the business landscape in the Southeast continues to evolve, significant deals and developments have emerged, shaping the region's economy. MCI Communications Corp. has secured a record-breaking five-year contract with CSX Corp. to manage its data and voice communications networks, worth over $350 million. Meanwhile, Savannah Bancorp Inc.
Telephone services
Cable & Wireless (C&W), the British telecoms giant, is close to acquiring the remaining internet businesses of MCI, the US group, following the partial sale in May. The deal, worth between $1.5bn and $2bn, will give C&W control over MCI's retail customer base,
Telephone services
Cable & Wireless has successfully secured a deal to purchase MCI's entire Internet business for a staggering $2 billion, which is approximately £1.22 billion. This acquisition marks a significant milestone for C&W as it expands its roster of transatlantic clients, including residential and business customers.
Telephone services
AT&T Corp. remains committed to its $44 billion purchase of Tele-Communications Inc., despite initial investor concerns and predictions of regulatory hurdles. Chairman and CEO C. Michael Armstrong has reassured investors that the deal will not be renegotiated, citing the significant growth opportunities that the acquisition presents. Analysts believe
Telephone services
In a strategic move aimed at dominating the residential telephony market, AT&T Corporation has merged with Tele-Communications Inc. The $48 billion agreement seeks to create tracking stocks, leveraging cable TV infrastructures, and forging alliances with other cable TV providers. Despite potential profit margins, AT&T's
Telephone services
The recent $46 billion acquisition of Tele-Communications Inc. (TCI) by AT&T Corp. highlights the psychological aspect of takeovers. Although TCI's stock was undervalued between 1996 and 1997, AT&T could have acquired it for a lower price if only it had been able to see
Telephone services
Tele-Communications Inc. is making progress on its cable infrastructure upgrade, which will enable two-way capability on over 90 percent of its network by the end of 2000. The company is ahead of schedule according to officials, who claimed this in a joint teleconference with AT&T, a potential buyer.
Telephone services
The long-awaited concept of convergence, which aims to bring voice, video, and data together under one roof, has finally gained momentum after years of consolidation in the telecommunications industry. AT&T's recent $48 billion deal to acquire Tele-Communications Inc. (TCI) is seen as a catalyst for this
Telephone services
Cable TV and telecommunications companies in the Twin Cities are undergoing sweeping changes due to industry consolidation. One such change is the planned acquisition of cable TV giant TCI by AT&T, which will have a direct impact on multiple Minnesota communities. Meanwhile, telephone company U S West has
