Last checked at 26 May 2022 07:00
26 May 2022
BT Group plc
Altice UK: National Security and Investment Act 2021
BT Group plc ("BT Group") has received notification from the Secretary of State for Business, Energy and Industrial Strategy that he has considered the increase by Altice UK of its shareholding in BT Group from 12.1% to 18% and is exercising his call-in power under section 1 of the National Security and Investment Act 2021. BT Group will fully cooperate with this review.
Contacts
Tom Engel Mark Lidiard
07947 711959 0800 389 4909
tom.engel@bt.com mark.lidiard@bt.com
About BT Group
BT Group is the UK's leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.
BT Group consists of four customer-facing units: Consumer serves individuals and families in the UK; Enterprise and Global are our UK and international business-focused units respectively; Openreach is an independently governed, wholly owned subsidiary, which wholesales fixed access infrastructure services to its customers - over 650 communication providers across the UK.
For the year ended 31 March 2022, BT Group's reported revenue was £20,850m with reported profit before taxation of £1,963m.
British Telecommunications plc is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.
For more information, visit www.bt.com/about