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BT and MCI announce 20.8 billion merger creating Concert
British Telecom and MCI disclose a planned 20.8 billion merger to form Concert, a global communications powerhouse with 42 billion in annual revenue and 43 million customers in 72 countries. AT&T warns the deal could hurt competition and reduce customer choice while Concert pledges lower rates and growth through local and global expansion.
MENTIONED IN THIS ARTICLE
New York
British Telecommunications
MCI Communications
Atlantic
At&t
British Telecom
MCI
Robert Allen
U.S
Bert Roberts
Manhattan
United States
Allen
Concert