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BT, AT&T to take shares in Japan Telecom

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Fifteen per cent each adds up to 30 per cent

By Our correspondent • Get more from this author

Posted in Business, 25th April 1999 15:49 GMT

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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... ®

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