Talks between AT&T Co and Energis Communications Ltd, the UK National Grid Co’s embryonic trunk telephone network operater are deadlocked over price according to the Financial Times: AT&T was negotiating for a one third stake, but the paper says that Energis has been playing on the dramatically low cost for its network for all it is worth, while AT&T has been arguing that the incumbent operators have plenty of scope to cut their costs further and that Energis has got carried away and is believing its own publicity; Energis is not the only game in town, and British Rail Telecommunications Ltd, with a network already largely built, looms in the background with a promise that it will pass out of the hands of the British Railways Board by year-end.
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