European Competition Commissioner, Karl Van Miert, will this afternoon finally give the green light to BT?s $20 billion merger with MCI. The merger will create Concert PLC, a ?global supercarrier? with annual revenues of #25 billion and 43 million customers.
Van Miert said in a BBC Radio interview yesterday that BT had offered solutions to concerns raised by competitors and telecoms regulators that rivals will not gain reasonable access to Concert?s transatlantic cable capacity. Another concern is MCI?s dominant UK position for audio and video conferencing.
He told listerners: ?BT has been very positive, forthcoming, open-minded about it and put its cards on the table. We identified two problems and they were offering almost immediately the right answers to the problems - so we said OK, we can go ahead.?
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