British Telecom announces $1 million buy back of 8.5% notes due 2016

By Ashley Montgomery

Kansas City, Kan., Oct. 24 - British Telecommunications plc said it repurchased $1 million of its 8.5% notes due Dec. 7, 2016

Following the transaction, the amount outstanding is $694 million, according to a company announcement.

The internet and phone services company is based in London.

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