BT rings up hefty bill for global bond funding

Headline: BT rings up hefty bill for global bond fundingSource: EuromoneyDate: January 2001Author: Michael Peterson Issuer: British Telecommunications Amount: $10 billion Type of issue: global bond Date of issue: December 5, 2000 Bookrunners: Merrill Lynch, Morgan Stanley, Schroder SSB As anyone who has ever browsed the web using a BT line will know, the internet […]

Headline: BT rings up hefty bill for global bond funding
Source: Euromoney
Date: January 2001
Author: Michael Peterson

Issuer: British Telecommunications
Amount: $10 billion
Type of issue: global bond
Date of issue: December 5, 2000
Bookrunners: Merrill Lynch, Morgan Stanley, Schroder SSB

As anyone who has ever browsed the web using a BT line will know, the internet can be an expensive compulsion. The unlucky surfer can run up a hefty telephone bill even before he finds what he is looking for.

Now British Telecommunications is facing a similar experience as it strives to create a UMTS wireless internet business.












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