Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: zbyslaw owczarczyk who wrote (13570)	10/10/1999 1:43:00 PM
From: pat mudge	Respond to of 18016

There's a change in tone re: Global One. Earlier journalists were making it sound as though no one wanted it. Now it appears they're fighting to gain control. News out of Geneva on ATT-BT's Concert: telecom99news.itu.int . . . Don't expect AT&T Corp. and BT to talk mergers, though, when the two companies showcase their new global joint venture at Telecom 99. At least not yet: The two heavyweights are investing $10 billion in a new 50-50 joint venture with a familiar name, Concert, that will provide global telecommunications to multinationals, carriers and Internet service providers (ISPs). The venture, which has gained clearance by the European Commission (EC), is still waiting for approval from the Federal Communications Commission (FCC, Washington, D.C.). David Dorman, chief executive officer of Concert, says the venture will combine most but not all of the parent companies' transborder assets, including oceanic cables, the companies' global networks and the non-U.S. portion of IBM Global Network (IGN, New York). Also rolled into the venture will be the correspondent relationships of the parent companies. "There are enormous opportunities to optimize the correspondent traffic into a single network,"says Dorman.