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Businessweek Exclusive: AT&T May Be Preparing to Buy Out British Telecommunications Stake in Concert Joint Venture.


Business Editors/High Tech Writers

NEW YORK--(BUSINESS WIRE)--April 19, 2001

When AT&T and British Telecommunications teamed up in 1998 to form Concert, high-speed Internet See broadband.  and phone services to multinational companies -- they predicted that their 50-50 joint venture would be that rarity of rarities-a synergetic synergetic /syn·er·get·ic/ (sin?er-jet´ik) synergic.

syn·er·get·ic
adj.
Synergistic.
 powerhouse that actually worked.

AT&T is now on the verge On the Verge (or The Geography of Yearning) is a play written by Eric Overmyer. It makes extensive use of esoteric language and pop culture references from the late nineteenth century to 1955.  of assuming control of the entire venture, as well as Ignite, BT's local networks on the Continent, reports BusinessWeek Online. No agreement is assured, but sources inside and outside the companies say serious negotiations are under way and that an announcement could be made in May.

Expanded version on BusinessWeek Online. http://www.businessweek.com/bwdaily/index.html .

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Publication:Business Wire
Date:Apr 19, 2001
Words:132
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