Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

AT&T, British Telecom Buy 30% of Japan Telecom

Photonics.com
Apr 1999
TOKYO, Japan, April 27 -- AT&T Corp. and British Telecommunications PLC (BT) have agreed to purchase a combined 30 percent stake in Japan Telecom Co., a share valued at $1.84 billion. The US and British telecoms will each hold a 15 percent stake in the Japanese company, the third-largest long-distance and international carrier in Japan. BT is reportedly paying $1 billion and contributing assets worth $257 million, while AT&T is to pay $209 million in cash and contribute $435 in assets.
The three companies plan a broad alliance in which most of the Japanese operations of BT and AT&T will be integrated into Japan Telecom, which will also host executives from both stakeholders. BT and AT&T will jointly manage the stake through a holding company. This announced alliance follows last week's $82 billion deal involving Deutsche Telekom AG and Telecom Italia SpA, as well as AT&T's surprise $58 billion bid for cable company MediaOne Group.

CommunicationsNews & Features

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.