AT&T, BT Concert joint telecom venture on path to collapse.(Company Operations)

CONCERT COMMUNICATIONS, the joint-venture telecommunications carrier established by AT&T and British Telecommunications (BT), is failing, and the partners are locked in talks about how to salvage the operation, according to a recent report in an Asian edition of the Financial Times.

AT&T remains committed to the venture, which it thinks is preferable to trying to start a European business of its own, and has suggested that it take majority control of the venture, which now is controlled equally by the two companies, said the report.

One source of friction between the partners is Concert's failure to meet European sales plans, a problem blamed on lack of …