Telco giants BT and AT&T have yet again been linked to a possible merger, although BT has dismissed the claims.
According to the Wall Street Journal, sources close to the companies have revealed that the telcos are considering the possibility of combining their businesses.
No formal merger discussions have apparently taken place, but C Michael Armstrong, AT&T's chairman, and Sir Peter Bonfield, BT's chief executive, have held conversations in the past month about exploring a possible tie-up between the two companies, the paper said.
However, BT has played down the suggestion. "The report is purely speculative and we can't comment on rumours," said a BT spokesman.
The pair have already linked up with the joint venture Concert, an international communications provider for multinational business customers, international carriers and service providers, which began operating in January this year and generates sales of £5bn.
A potential merger between the two would come under strong investigation by US and UK regulators.
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