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BT points the way to the future with MCI deal

Article Abstract:

Many observers have been critical of British Telcom's plans to merge with MCI, believing that the deal will create problems for the company's shareholders and its customers. However, this view is not shared by City analysts. Indeed, a long-term view of the future of the world telecommunications industry indicates the importance for companies which aspire to be powerful international carriers of establishing a real presence in Asia Pacific, Europe and the US. The deal with MCI will place British Telecom in a strong position to exploit the opportunities which will become available as new markets open up.

Foreign operations, Telecommunications services industry, Telecommunications industry, International aspects, British Telecommunications PLC

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Why privatisation has been a success story

Article Abstract:

Privatisation was generally accepted in the UK when it was introduced, even though it was not particularly popular. However, more recently doubts have begun to be expressed about the future of privatisation, even though it has made a significant contribution to the development of commerce. There is a clear trend towards highlighting the disadvantages of privatisation, rather than its successes, and this has been exploited by the Labour party, which is set to be much stricter with the privatised utilities if it wins the next general election.

Privatization, Privatization (Business), Public opinion

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Whatever happened to gentlemanly behaviour?

Article Abstract:

It is possible to argue that the gentleman's agreement under which Wim Duisenberg will gain the presidency of the European Central Bank but step down after four years to make way for Jean-Claude Trichet would not have taken place if the very future of the euro had not been under threat. This agreement was the result of bitter negotiating, and the fact that it was made public has also attracted considerable controversy. The conflict over this matter means that the integrity of the European Central Bank has already been compromised.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Officials and employees, Banks (Finance), Central banks, European Central Bank

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