Formerly known as British Telecom, founded from the privatisation
of the General Post Office (GPO) telephone service, BT is the UKs
leading supplier of home (domestic) fixed line telephony. BT have
been building on this position to provide their internet service (BT
ClickFree) and now own 100% of BT Cellnet to provide mobile telephone
services. BT also own Genie, the mobile internet service to
provide internet over mobile phones.
As well as these domestic services BT also has a large business telecommunications
for companies, and overseas operations such as the partnership with
AT&T in the United States to form Concert.
BT is now under threat from cable telephone companies (such as Telewest
and Cable & Wireless) and companies offering reduced rate national
and oversees phone calls (Planet Talk, OneTel, EuroBell). How
happy are you with the rates you are getting from BT?
BT claim that thousands are coming back to BT every week, but how
many are unhappy with the service they are getting and thinking of
The companays turnover was up 19.3% at £15.9 Billion for the
last 9 months, with profits after tax of £1.6 Billion. BT currently
employs 137,700 staff. *
BT has a market capitalisation of around £60 Billion and is number
4 in FTSE (Financial Times Share Index) having fallen from the number
2 place by the rise of the mobile operator Vodafone.
*Statistics taken from BT's quarterly report for 31st December 1999