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![]() Monday, December 7, 1998 Published at 15:47 GMT ![]() ![]() Business: The Company File ![]() EU investigates BT, AT&T link-up ![]() ![]() The European Commission has announced an investigation of a planned alliance between two of the world's largest telecommunications companies: British Telecom and AT&T of the US. The two companies plan to combine international networks, traffic and products to compete more successfully in the international calls market. Their 50:50 joint venture does not involve any share swap. It is aimed at providing information services to large companies across national borders.
The decision to hold the inquiry follows a complaint by BT's rivals in the UK against the proposed joint venture. They fear that the two companies could capture the market providing telecommunications services for multi-nationals. The EU investigation will last up to four months, but officials have already indicated they may not have enough evidence of unfair competition to prevent the alliance.
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![]() The Company File Contents ![]()
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