diff --git a/rxjava-core/src/main/java/rx/operators/OperationConcat.java b/rxjava-core/src/main/java/rx/operators/OperationConcat.java
index 9838a8073bc..e2c9be1ebf4 100644
--- a/rxjava-core/src/main/java/rx/operators/OperationConcat.java
+++ b/rxjava-core/src/main/java/rx/operators/OperationConcat.java
@@ -51,7 +51,12 @@ public static <T> OnSubscribeFunc<T> concat(final Iterable<? extends Observable<
     }
 
     public static <T> OnSubscribeFunc<T> concat(final Observable<? extends Observable<? extends T>> sequences) {
-        return new Concat<T>(sequences);
+        return new OnSubscribeFunc<T>() {
+            @Override
+            public Subscription onSubscribe(Observer<? super T> t1) {
+                return new Concat<T>(sequences).onSubscribe(t1);
+            }            
+        };
     }
 
     private static class Concat<T> implements OnSubscribeFunc<T> {
@@ -121,8 +126,12 @@ public void onNext(Observable<? extends T> nextSequence) {
                 @Override
                 public void onError(Throwable e) {
                     if (completedOrErred.compareAndSet(false, true)) {
-                        if (innerSubscription != null) {
-                            innerSubscription.unsubscribe();
+                        Subscription q;
+                        synchronized (nextSequences) {
+                            q = innerSubscription;
+                        }
+                        if (q != null) {
+                            q.unsubscribe();
                         }
                         observer.onError(e);
                     }
@@ -131,7 +140,11 @@ public void onError(Throwable e) {
                 @Override
                 public void onCompleted() {
                     allSequencesReceived.set(true);
-                    if (innerSubscription == null) {
+                    Subscription q;
+                    synchronized (nextSequences) {
+                        q = innerSubscription;
+                    }
+                    if (q == null) {
                         // We are not subscribed to any sequence, and none are coming anymore
                         if (completedOrErred.compareAndSet(false, true)) {
                             observer.onCompleted();
@@ -143,11 +156,14 @@ public void onCompleted() {
             return new Subscription() {
                 @Override
                 public void unsubscribe() {
+                    Subscription q;
                     synchronized (nextSequences) {
-                        if (innerSubscription != null)
-                            innerSubscription.unsubscribe();
-                        outerSubscription.unsubscribe();
+                        q = innerSubscription;
+                    }
+                    if (q != null) {
+                        q.unsubscribe();
                     }
+                    outerSubscription.unsubscribe();
                 }
             };
         }
diff --git a/rxjava-core/src/test/java/rx/operators/OperationConcatTest.java b/rxjava-core/src/test/java/rx/operators/OperationConcatTest.java
index f42d8b81ade..0f3f8f88669 100644
--- a/rxjava-core/src/test/java/rx/operators/OperationConcatTest.java
+++ b/rxjava-core/src/test/java/rx/operators/OperationConcatTest.java
@@ -16,7 +16,6 @@
 package rx.operators;
 
 import static org.junit.Assert.*;
-import static org.mockito.Matchers.*;
 import static org.mockito.Mockito.*;
 import static rx.operators.OperationConcat.*;
 
@@ -33,6 +32,7 @@
 import rx.Observable;
 import rx.Observer;
 import rx.Subscription;
+import rx.concurrency.TestScheduler;
 import rx.subscriptions.BooleanSubscription;
 
 public class OperationConcatTest {
@@ -556,4 +556,46 @@ public void run() {
             return s;
         }
     }
+    @Test
+    public void testMultipleObservers() {
+        Observer<Object> o1 = mock(Observer.class);
+        Observer<Object> o2 = mock(Observer.class);
+        
+        TestScheduler s = new TestScheduler();
+        
+        Observable<Long> timer = Observable.interval(500, TimeUnit.MILLISECONDS, s).take(2);
+        Observable<Long> o = Observable.concat(timer, timer);
+        
+        o.subscribe(o1);
+        o.subscribe(o2);
+        
+        InOrder inOrder1 = inOrder(o1);
+        InOrder inOrder2 = inOrder(o2);
+
+        s.advanceTimeBy(500, TimeUnit.MILLISECONDS);
+        
+        inOrder1.verify(o1, times(1)).onNext(0L);
+        inOrder2.verify(o2, times(1)).onNext(0L);
+
+        s.advanceTimeBy(500, TimeUnit.MILLISECONDS);
+
+        inOrder1.verify(o1, times(1)).onNext(1L);
+        inOrder2.verify(o2, times(1)).onNext(1L);
+
+        s.advanceTimeBy(500, TimeUnit.MILLISECONDS);
+
+        inOrder1.verify(o1, times(1)).onNext(0L);
+        inOrder2.verify(o2, times(1)).onNext(0L);
+
+        s.advanceTimeBy(500, TimeUnit.MILLISECONDS);
+
+        inOrder1.verify(o1, times(1)).onNext(1L);
+        inOrder2.verify(o2, times(1)).onNext(1L);
+
+        inOrder1.verify(o1, times(1)).onCompleted();
+        inOrder2.verify(o2, times(1)).onCompleted();
+
+        verify(o1, never()).onError(any(Throwable.class));
+        verify(o2, never()).onError(any(Throwable.class));
+    }
 }