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→Joint ventures
== Joint ventures ==
== Joint ventures ==
BT Group was part of a large number of joint ventures.
BT Group has been a 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 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.
* [[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 $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 an additional $2 billion US dollars for their shares of [[MCI]].
* [[AT&T]] and BT founded a new company named [[Concert]] in July, 1998, with each of them owning 50% of the newly formed company. After a slow growth of the telecommunication market, in November, 1999, [[AT&T]] and BT decided to cancel the [[Concert]] project, with each company getting a portion of the customers the new company already attracted.
== Financial results ==
== Financial results ==