Leveraging the resources of the three companies will enable multinational customers to take advantage of the strengths and market-leading capabilities of Concert and AGNS," said Gary Weis, senior vice president of AT&T Business Services Global Operations and president and chief operating officer of Concert.
Current and new AGNS and Concert customers will find investments in AGNS services even more worthwhile since the converged portfolio will offer clear migration paths to new, IP-based networking solutions," Weis said.
Existing AGNS services will be enhanced and converged with Concert offerings, including the recently announced Concert IP Select, Concert's VPN product.
The convergence of the AGNS network and global portfolio of managed data services with Concert's international data and IP network and services is one of the first steps in this process.
Revenues of the Other and Corporate units, including AGNS, climbed 141.
Operational EBITDA for Other and Corporate, including AGNS, was a loss of $191 million for the third quarter of 1999, compared to a loss of $55 million for the third quarter of 1998.
Operational cash earnings per diluted share, including AB&IS and AGNS, were 62 cents in the third quarter of 1999.
The increase reflects the TCI and AGNS acquisitions and higher depreciation and amortization expenses but was slightly offset by lower access and other interconnection costs.
Excluding AB&IS and AGNS, network and other communications services expenses increased 3.
Excluding AB&IS and AGNS, depreciation and other amortization expenses increased 14.
Excluding AB&IS and AGNS, SG&A expenses decreased 2.