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British Telecommunications Plc

BUSINESS
November 14, 1996 | Times Staff and Wire Reports
Microsoft has joined with MCI and British Telecom to sell a package of Internet services and software to multinational companies, offering them one-stop shopping for linking far-flung computer networks. Some industry analysts said the alliance apparently will offer the first all-inclusive package of telecommunications and software services for international companies seeking to set up private Internets.
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BUSINESS
November 13, 1997 | Bloomberg News
British Telecommunications said it will buy MCI Communications Corp.'s 24.9% stake in Concert Communications, the companies' international phone services venture. The companies have not agreed on a price. The move follows WorldCom Inc.'s plan to pay $7 billion in cash for British Telecom's 20% stake in Washington-based MCI as part of WorldCom's planned $37-billion acquisition of the No. 2 U.S. long-distance company.
BUSINESS
November 11, 1997 | From Bloomberg News
British Telecommunications' decision to accept $6.9 billion in cash from WorldCom Inc. for its holding in MCI Communications Corp. leaves it with a fat nest egg and a significant hole in its global ambitions, analysts said. BT's decision came after WorldCom raised its offer for MCI by 23% to $51 a share, or $41.43 billion with debt, easily topping both BT's and GTE Corp.'s competing bids. It also agreed to pay BT $6.9 billion in cash for its 18% MCI stake.
BUSINESS
June 6, 1993 | JAMES FLANIGAN
There may not be a profit soon in the big deal in which British Telecommunications and MCI teamed up last week to create a worldwide phone system in competition with American Telephone & Telegraph. Yet the British-American venture and the emerging battle to supply global phone and data services to multinational companies sends us a very loud message about the value of competition, private industry and antitrust law.
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