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BRITISH TELECOM UNVEILS MASSIVE LOSSES
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BRITISH TELECOM UNVEILS MASSIVE LOSSES
A British Telecommunications (BT) phone box stands in Parliament Square in central London, November 8, 2001. BT today announced a loss of 1.35 billion pounds sterling ($1.96 billion) for the second quarter of the year as it unwinds a joint venture with U.S. rival AT&T. NO RIGHTS CLEARANCES OR PERMISSIONS ARE REQUIRED FOR THIS IMAGE UNICS REUTERS/Ferran Paredes MC/CLH/ - RP2DRIQNCOAC
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Media ID 19600814
EDITORS COMMENTS
Symbol of Struggle: A British Telecommunications (BT) phone box stands tall in Parliament Square, London, serving as a poignant reminder of the company's recent financial woes. In this print captured by Ferran Paredes for Reuters Images on November 8,2001, the iconic red telephone booth becomes a visual metaphor for BT's massive losses. BT has just announced an astounding loss of 1.35 billion pounds sterling ($1.96 billion) for the second quarter of the year. This staggering figure is attributed to their unwinding joint venture with U. S. rival AT&T, which has proven to be a costly endeavor. As we gaze upon this image, we witness not only a physical representation of British telecommunications but also the struggles faced by one of its key players. The juxtaposition between the grandeur and resilience exuded by Parliament Square and the somber presence of the phone box creates an atmosphere filled with uncertainty and concern. This photograph serves as a powerful reminder that even giants in their respective industries are susceptible to setbacks and challenges. It prompts us to reflect on how economic forces can impact even well-established companies like BT. Ferran Paredes' lens captures both beauty and vulnerability within this single frame – reminding us that behind every corporate entity lies human stories intertwined with triumphs and tribulations.
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