Along the same lines, in 1998 many pundits were predicting the emergence of global megacarriers that would dominate world communications. Such companies, foreshadowed by the Concert Communications Services joint venture between AT&T and British Telecom, would offer global seamless carriage of data over complex managed intelligent networks. Of course, it turned out that there is no more reason for one company to own networks all over the world than there is for UPS to own all the roads on which its trucks travel.
