Changes

BT Group was part of a large number of joint ventures.  

BT Group was part of a large number of joint ventures.  

MCI Communication Corporation, the second largest carrier of long distance telecommunications services in the United States of America, together with the BT Group, launched a company named Concert Communications Services. The value of this newly founded company was of 1 billion US dollars.  

MCI Communication Corporation, the second largest carrier of long distance telecommunications services in the United States of America, together with the BT Group, launched a company named Concert Communications Services in 1994. The value of this newly founded company was of 1 billion US dollars. The newly formed company was the first to offer a large portfolio of communications services to customers worldwide. As a part of the deal, BT Group bought 20% of MCI Communication Corporation. Later, MCI Communication Corporation and Concert Communication Services were bought by World Com for 7 billion US dollars. In the transaction which took place in 1997, BT Group received 465 million US dollars to break the merger with MCI and additional profit of 2 billion US dollars for their shares of MCI.

 

to be continued