AT&T, Cable & Wireless suspend talks on global telecommunications alliance

Article Abstract:

AT&T and Cable & Wireless PLC (C&W) have temporarily ended all discussions of joining a partnership aimed at offering global telecommunications. AT&T had been interested in purchasing a large portion of Mercury Communications which is a division of C&W and has been a competitor of British Telecom. AT&T and C&W also planned to eventually collaborate on a business project that would exploit the growing international market in 25 to 30 countries that will offer expanding markets within the next five years. The negotiations may have stalled because AT&T wanted 51 percent or more of Mercury, which was too large a portion for C&W to give up. The political climate in Britain and the relationship AT&T has with British Telecom may also contribute to the end of the negotiations for the time being.

COMMUNICATION, Telephone communications, exc. radio, United Kingdom, Investments, Negotiations, Mercury Communications PLC, International communication, Great Britain, Telecommunications, Cooperative Agreements, Telecommunications Service, International Communications, Negotiation, Cable & Wireless Communications Inc.

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AT&T's computer business is planning to build sales partnerships in Europe

Article Abstract:

AT and T is planning to expand its computer business and build an international distribution network in Western Europe by creating joint ventures during 1991 and 1992. No prospective partners have been named but AT and T indicated that they are following a country by country strategy and open to mergers, joint ventures and other forms of alliances. AT and T in 1990 receives 90 percent of its computer revenue from sales inside the United States and expects to receive half of its computer revenue outside the United States by 2000. Europe provided only five percent of AT and T's $2 billion a year world-wide computer revenue in 1990.

Electronic computers, Computer industry, Telephone companies, International business enterprises, Multinational corporations, Joint ventures, Western Europe, Business planning, Europe, Joint Venture, Telephone Company

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