Concert PLC, a global telecom firm to be established this fall by a merger of British Telecommunications PLC and MCI Communications Corp., will list its shares on the Tokyo Stock Exchange immediately after the company is formed.

In a joint news conference held July 1 in Tokyo, Peter Bonfield, CEO of BT, and Gerald Taylor, CEO of MCI, said Concert’s stock will debut in Tokyo and be subsequently listed in London and New York. The pair also said Concert will seek an alliance with NTT. The amount of Concert shares to be listed in Tokyo will be decided later after assessing market conditions, Bonfield said.

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