In 1993 British Telecom (BT) and MCI Communications (MCI) negotiated what they called the "Deal of the Century", where MCI would take ownership of the US-based portions of Tymnet and they would create a 50/50 joint venture called "Concert". (The joint venture was called "NewCo" for more than a year while they decided on a name.) Concert was also aligned with another acquisition of BT, called Syncordia which was headquartered in Atlanta, Ga. Tymnet was then referred to as: The Packet network, the BT/MCI network and Concert Packet-switching Services (CPS). As MCI cut away at Tymnet, expecting it to die, it became a cash cow that just wouldn't go away.