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british telecom
(BT) The largest telecommunications provider in the UK.
Due to regulatory issues, BT had to sell off its interest in McCaw Cellular. BT sold it to AT&T for something like 4B$. BT then invested that in MCI. As a part of the deal, MCI was given BT North America, which was the old Tymnet. MCI laid off about 40% of the Tymnet staff.
Contemporary Examples

Marching Through the Meltdown Dan Senor, Saul Singer October 24, 2009


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