BT, AT&T to take shares in Japan Telecom

It was widely predicted but today US giant AT&T and British giant BT each took 15 per cent in Japan Telecom. The move is a strategic alliance which will drastically alter the shape of telecomms worldwide. Under the terms of the agreement, execs from BT and AT&T will sit on the board of JTT. In addition, BT and AT&T will get access to JTT's next gen of mobile technology. The deal is estimated to be worth $1.83 billion. Now if only Deutsche Telekom was of a mind to share and share alike... ®