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Jun 30, 1997

Playing in Concert

BT and MCI's proposed merger is still waiting for the regulatory nod

It wasn't the ideal way to announce a mega-merger. On Friday, November 1 last year, news leaked out that something was afoot between British Telecom and MCI Communications Corp. The papers were full of it on the Saturday morning and the companies had less than 48 hours to calm the storm before the markets opened on Monday. Analysts were called in from their country retreats on Sunday to hear the official story. Not the way anyone would want to handle such an announcement. But by most accounts

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