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BT, AT&T in $2B Net push
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April 5, 2000: 7:24 a.m. ET
Telecom partners to expand chain of Internet data centers to 44 locations
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LONDON (CNNfn) - Transatlantic telecommunication allies AT&T Corp. and British Telecommunications geared up their partnership on Wednesday, announcing plans to invest $2 billion to establish dozens of Internet data centers worldwide as they seek to tap growing demand for web hosting through their Concert joint venture.
AT&T and BT said they expect demand for web hosting services to grow more than fourfold to $16.4 billon over the next four years, with more than half of that growth likely to be outside the United States.
The allies expect that within two years, they will have a total of 44 Internet data centers in the United States, Europe, Asia and Latin America, up from 14  centers currently operating in Italy, Spain, Switzerland, the United States and the United Kingdom. Eleven of those will open this year, they said.
While executives said the investments will be in more than just real estate, the Internet data centers are physical locations that provide a wide range of co-location, Web hosting, application and professional networking services to link the BT and AT&T Internet backbones.
AT&T said it has more than tripled its Internet data center space over the past six months, with demand "continuing to grow exponentially."
Shares of BT (BT-A) could not be quoted Wednesday morning because of a technical glitch at the London Stock Exchange. On Wall Street, shares of AT&T (T: Research, Estimates), one of the 30 stocks in the Dow Jones industrial average, fell 1-1/2 to 56-1/2 on Tuesday. 
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AT&T
British Telecom
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