LONDON/PHILADELPHIA – AT&T Corp. and British Telecommunications Plc agreed on Tuesday to end their struggling Concert joint venture at a cost of 2,300 jobs and $7 billion in charges after falling ...

LONDON (CNN) -- AT&T Corp. and British Telecommunications (BT) finally pulled the plug Tuesday on their Concert joint venture at a cost of 2,300 jobs and billions of dollars. AT&T, the biggest U.S.

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 ...

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 ...

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 ...

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 ...

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 ...

British Telecom is set to scrap its loss making joint venture with US telecoms firm AT&T, according to newspaper reports. Concert - which is reported to be running up losses of up to £20m a week - was ...

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 ...