The BT board of directors will meet this week to finally decide whether to renegotiate the company's multi-billion pound merger with MCI.
BT's chief executive, Peter Bonfield, will outline the results of the review into the deal, which was sparked by MCI's warning last month that it would make unexpectedly steep losses because of difficulties cracking its local US market.
Wall Street analysts believe the merger will go ahead unchanged. This is based on MCI's recent filing with the US Securities and Exchange Commission, which indicated the original merger terms will stand. According to some securities analysts, discussion of a change in the acquisition price would have to be included in the report.
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