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In the following
commentary, we discuss the operations of the group for the 2001 financial year
in terms of the new lines of business. However, as it is not practical for us
to compile comparative figures for the 2000 and 1999 financial years for all
the lines of business, these two earlier years are discussed in general terms
in the context of the relevant line of business.
The lines of business’
results for the 2001 financial year are as follows: |
|
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| |
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 |
| BT Retail |
11,813 |
|
1,004 |
|
| BT Wholesale |
11,493 |
|
2,540 |
|
| BT Wireless |
3,947 |
|
(225 |
) |
| BT Ignite |
3,861 |
|
(380 |
) |
| Concert |
2,576 |
|
19 |
|
| Yell |
778 |
|
210 |
|
| BTopenworld
|
212 |
|
(296 |
) |
| Other |
7,151 |
|
539 |
|
| Eliminations |
(12,165 |
) |
– |
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| Totals |
29,666 |
|
3,411 |
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The group’s profits are
derived predominantly from BT Retail and BT Wholesale’s fixed network business
in the UK. The profit from BT Wireless’s mobile network in the UK is largely
offset by losses being incurred in establishing its networks in Ireland, The
Netherlands and Germany. Yell contributed a profit principally from its Yellow
Pages directory activities in the UK. BT Ignite and BTopenworld are both in a
development stage incurring losses.
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