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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: kellygreen who wrote (9941)	2/19/2001 10:11:44 PM
From: TechMkt	Read Replies (2) of 15615

GX'x competitors are fighting with each other. I wish all those corporations would just switch to GX. Fez _______________________ Monday February 19, 9:10 pm Eastern Time BT fighting to salvage AT&T joint venture - FT LONDON, Feb 20 (Reuters) - British telecommunications Plc (quote from Yahoo! UK & Ireland: BT.L) and AT&T (NYSE:T - news) are fighting to salvage failing Concert, their three-year old joint venture offering services to large corporate customers, the Financial Times reported on Tuesday. ``There is very regular contact over Concert because there is a feeling on both sides that we should be getting better value out of it,'' one source was quoted as saying. Executives at AT&T were said to have suggested taking a majority control of the venture, and to have threatened to withdraw if a new structure cannot be agreed. The U.S telecommunications group is thought to blame a lack of cooperation from BT's partially-owned subsidiaries outside Britain for Concert's failure to reach sales targets in Europe. Last year, the companies attempted to revive the venture by injecting assets through a full merger of their business services divisions, but negotiations fell apart over price. Concert was set up in July 1998 to provide telephone and Internet services to multinational companies.

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