BT and AT&T are again reportedly close to finalising the break up of their three year-old Concert joint venture.
A BT spokeswoman today denied weekend press reports that it would write off its entire £1.2bn investment in Concert in the next couple of weeks, but confirmed that the telco was now talking to AT&T regarding Concert's future as a matter of priority.
The two have been discussing whether to expand, split or shut down the global business services operation since last autumn.
Concert has failed to meet its European sales targets. Earlier this year both BT and AT&T held discussions that included a possible acquisition of Concert or a merger between AT&T and BT's business services divisions.
Last month, Concert reported a loss of £81m in the three months to the end of June. It has over 6000 employees. Although closure of the joint venture is one of several possible outcomes, it could take time as Concert uses software and infrastructure shared by both BT and AT&T.
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