BT, AT&T mull global telecom firm-report (T, BTY, UK:BTA) By Allen Wan
British Telecommunications [uk: bta] (BTY) and AT&T (T) are considering whether to form a separately listed global-telecom company that would include their Concert joint venture and other business-related telecom services run by each company, the Wall Street Journal reported in its online edition Monday, citing people familiar with the matter. The idea of combining these units or even selling BT's stake in Concert are among several options laid out in a prospectus to be distributed to BT shareholders this week ahead of a 5.9 billion pounds rights issue, the sources said. Besides Concert, any new company formed might include Ignite -- BT's UK and continental Europe business telecom service -- and AT&T's business telecom operation, they said. Under this scenario, the value of the merged units could go as high as $100 billion depending on what units are included, the sources said, adding that the new company could be listed in New York, London or both. A BT spokesman told the Journal that the idea of a separately listed company is one of many options being considered and no final decision has been made. AT&T couldn't be immediately reached for comment.
Excel - Greg
News 
Market Data 
Discover 
