BT Group PLC
15 November 2004
November 15, 2004
BT ANNOUNCES CHANGE TO ITS NEW YORK STOCK EXCHANGE STOCK SYMBOL
BT Group plc announced that from today (Monday, 15 November) its ticker symbol
for the New York Stock Exchange listed American Depository Receipts (ADRs) has
changed to BT (formerly BTY).
BT's chief executive, Ben Verwaayen will mark the occasion today by
ringing the closing bell at the New York Stock Exchange. He is in New York to
brief analysts on BT's half year results. BT's results of the second quarter
showed the biggest increase in quarterly turnover for nearly three years (up to
£4.6 billion). Profit before tax, goodwill amortisation and exceptional items
was up four per cent at £549 million in Quarter 2 and the interim dividend
increased by 22 per cent.
Last week BT agreed to acquire (subject to Infonets' shareholders
approval and regulatory clearances) the US-based (El Segundo, California)
Infonet, one of the world's leading providers of international managed voice and
data network service. This will significantly enhance BT's position in key
markets including North America and Asia Pacific
The USA represents a significant growth market for ICT services and
many of BT's strategic partners are headquartered in the USA. BT has had a
presence in the USA since 1988 and has 1,800 employees based there.
Before joining BT Ben Verwaayen was formerly vice chairman of the management
board of Lucent Technologies in the USA. Prior to joining Lucent he worked for
KPN in the Netherlands.
Inquiries about this news release should be made to the BT Group Newsroom on its
24-hour number: 020 7356 5369. From outside the UK dial + 44 20 7356 5369. All
news releases can be accessed at our web site: http://www.bt.com/newscentre
About BT
BT is one of the world's leading providers of communications solutions serving
customers in Europe, the Americas and Asia Pacific. Its principal activities
include IT and networking services, local, national and international
telecommunications services, and higher-value broadband and internet products
and services.
BT consists principally of three lines of business:
• BT Retail, providing fixed and mobile communications services and
solutions and IT and networking services to more than 20 million business
and residential customers in the UK. It is also a leading UK internet
services provider.
• BT Wholesale, providing network services and solutions within the UK to
more than 600 fixed and mobile operators and service providers including the
provision of broadband, private circuits.
• BT Global Services, providing IT and networking services internationally
to meet the needs of multi-site organisations with European operations. BT
Global Services operates in more than 130 countries and also offers
international carrier services.
In the year ended 31 March 2004, BT Group's turnover was £18,519 million with
profit before goodwill amortisation, exceptional items and taxation of £2,013
million.
BT Group plc is listed on stock exchanges in London and New York. British
Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and
encompasses virtually all businesses and assets of the BT Group.
For more information, visit www.bt.com/aboutbt
This information is provided by RNS
The company news service from the London Stock Exchange KLFFE
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