AT&T, BT complete unwinding of Concert

ITworld.com |  Networking

British Telecommunications PLC (BT) and AT&T Corp. have fully unwound their Concert Communications Co. joint venture and completed the return of assets to the parent companies, BT announced Tuesday.

BT has also completed the termination of its Canadian joint venture with AT&T though AT&T Canada, the London-based telecommunication company said in a statement.

Basking Ridge, New Jersey-based AT&T and BT announced last October that they were disbanding the international joint venture, launched in 1998, due to continued losses which at one point came to about

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