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BT loses £200m Barclays contract
'We'd like to make a withdrawal'...

By Sonya Rabbitte

Published: Thursday 13 June 2002

BT has lost a lucrative contract with Barclays Bank to its rival Cable & Wireless.

Barclays - one of BT's biggest corporate customers - is to move all its inbound call centre, voice data and internet traffic to Cable & Wireless after several months of negotiations according to a report in today's Guardian.

The five-year deal is estimated to be worth around £200m to C&W.

BT shares remained unchanged in mid morning trading to stand at 274.75p by 13:55(BST).