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Line 61: − − == 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 $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.
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=== Modern Operations and Acquisitions ===
=== Modern Operations and Acquisitions ===
[[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.
In 2003, BT showed off new brand values and a new corporate identity. These new symbols are still being used today.
In 2003, BT showed off new brand values and a new corporate identity. These new symbols are still being used today.
In May, 2009, BT announced they have to cut 15,000 jobs after a poor financial year.<ref>[http://www.btplc.com/Thegroup/BTsHistory/History.htm The historical development of BT, btplc.com]</ref>
In May, 2009, BT announced they have to cut 15,000 jobs after a poor financial year.<ref>[http://www.btplc.com/Thegroup/BTsHistory/History.htm The historical development of BT, btplc.com]</ref>
== References ==
== References ==