Transfer of operations

British Telecommunications PLC 8 May 2001 May 8, 2001 BRITISH TELECOMMUNICATIONS PLC ANNOUNCES INTENTION TO CONTRIBUTE FLUXUS S.A TO I.NET S.p.A. British Telecommunications plc (BT) has today announced its intention to contribute Fluxus, its leading web hosting business in France, to I.NET S.p.A. the web hosting operation in Italy of which BT owns a majority share, in exchange for an additional shareholding in I.NET. Fluxus, set up in 1994 and previously operating as FranceNet, has two Paris data centres, over 160 skilled employees and a portfolio of more than 200 corporate clients. Fluxus' revenue in 2000 was Euro16m. There is a strong strategic fit between Fluxus and I.NET, as both service providers focus on the large and medium customer segment of the Internet market by delivering high value-added web hosting solutions. ENDS

Companies

BT Group (BT.A)
UK 100

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