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A Conversation Achieving Concerted Action: The Proposed BT-MCI Merger
If approved, the proposed merger between British Telecommunications plc (BT) of the United Kingdom and MCI of the United States (which is awaiting approval by U.S. and European regulators) will create a $42 billion company, the world's fourth–largest telco (after NTT of Japan, AT&T, and Deutsche Telekom). To effect the merger, BT will acquire, for $20 billion, the 80 percent of MCI that it does not already own (BT acquired 20 percent of MCI in 1994), making this the largest takeover ever by a British company.
1 min read •
A Conversation Achieving Concerted Action: The Proposed BT-MCI Merger
If approved, the proposed merger between British Telecommunications plc (BT) of the United Kingdom and MCI of the United States (which is awaiting approval by U.S. and European regulators) will create a $42 billion company, the world's fourth–largest telco (after NTT of Japan, AT&T, and Deutsche Telekom). To effect the merger, BT will acquire, for $20 billion, the 80 percent of MCI that it does not already own (BT acquired 20 percent of MCI in 1994), making this the largest takeover ever by a British company.
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