DESPITE CONCERT CANCELLATION, AT&T STILL EYES GLOBAL PLAY

摘要

AT&T and BT announced plans last week to unwind Concert, their 50/50 joint venture offering services to multinational corporations. But the shuttering of Concert does not mark the end of globalization for AT&T. Since its formation in January 2000, Concert has failed to meet expectations. The latest projections from BT, for example, indicate that Concert will post a loss of $800 million for calendar 2001 before interest payments and taxes.