SPLIT-UP OF CONCERT TELECOMS JV APPROVED.

PositionBrief Article

The Commission cleared on December 17 the buy back by British Telecommunications plc (BT) and AT&T Corp of the assets they had contributed to Concert, a global telecommunications joint venture created by both parties in 2000. Netherlands-based Concert BV was created in January 2000 by BT and AT&T in order to provide global telecommunications services to multinational business customers. The parent companies told the Commission on November 14 that they wished to terminate the joint venture...

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