BT Group PLC Altice UK: National Security & Investment Act 2021 (8494M)
May 26 2022 - 2:01AM
UK Regulatory
TIDMBT.A
RNS Number : 8494M
BT Group PLC
26 May 2022
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 GBP20,850m with reported profit before taxation of
GBP1,963m.
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
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END
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