Kingston in amoeba-like division
Concert gets new man
Kingston Communications is to cuddle up to other companies to create two new companies to help reduce the cost of its DSL roll-out.
KitCo will manage its DSL infrastructure, while VisionCo will operate the retail service. The move could save the company £150 million over three years, the telco said today.
Steve Maine, Kingston Communications CE, said: "...we plan to enter into substantial partnerships with other network operators, equipment vendors and content providers to help fund, manage and deliver both the infrastructure and service elements on a phased rollout basis.
"The nature and extent of these partnership arrangements remains to be determined and we will make appropriate announcements in due course," he said.
BT and AT&T today announced that Gary Weis, president and COO of Concert, has been appointed that company's acting CEO, reporting to BT's chairman, Sir Iain Vallance, who is also chairman of Concert. David Dorman, the former CEO, has been appointed president of AT&T. Concert is the global coporate JV of BT and AT&T.
London’s General Trading Company and Germany’s Kauhof have signed up to be part of the Pres.net network of retailers, and the launch of an Interflora style gift delivery service. Users will be able to buy presents online from shops in the same country of the intended recipient, thus cutting down on postage costs. ®
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