Final Clearance of Concert Global Venture Welcomed

BRITISH TELECOMMUNICATIONS PLC 22 October 1999 BT AND AT&T WELCOME FINAL CLEARANCE OF CONCERT GLOBAL VENTURE BT and AT&T today welcomed approval by the United States Federal Communications Commission of Concert, their planned joint global venture. The decision completes the full regulatory process required ahead of the company's expected formal launch in about a month. David Dorman, chief executive of Concert, said: 'We are delighted with today's decision by the Federal Communications Commission to approve Concert. We are pleased that the regulatory agencies both in Europe and the US agree that Concert will benefit customers, as well as the competitive telecommunications marketplace. 'Now we have the necessary regulatory approval we are looking forward to launching Concert.' In July, 1998, BT and AT&T announced plans to form a global venture which would serve the communications needs of multinational business customers, traditional and emerging telecommunications carriers and Internet service providers worldwide. Concert, to be owned equally by the two parents, will include BT's and AT&T's trans-border assets and operations, their existing international networks and traffic, their international products for business customers, and their multinational accounts in selected industry sectors.

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