Technology

Struggling AT&T and BT joint venture, Concert, coming to an end

Concert, the flailing AT&T and British Telecommunications joint venture, is on the brink of abandonment. AT&T and BT look set to cut their losses and end their troubled partnership.

CBR Staff Writer July 1, 2001

The companies are reported to be planning to split Concert’s customers and assets between them in an effort to prevent further losses.

Concert, when first established, was expected to revitalize the two telecoms giants but has failed to live up to this prophecy. The company reported an £89m loss in the quarter to March.

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