|
Activity |
Group interest in allotted capitalb |
Country of operationsc |
 |
| Subsidiary undertakings |
|
|
|
| British Telecommunications plcd |
Communication related services and products provider |
100% ordinary |
UK |
|
| BT Australasia Pty Limitedd |
Communication related services and products provider |
100% ordinary
100% preference |
Australia |
|
| BT Cableships Limitedd |
Cableship owner |
100% ordinary |
International |
|
| BT Communications Management Limitedd |
Telecommunication services provider |
100% ordinary |
UK |
|
| BT (Hong Kong) Limitedd |
Communication related services and products provider |
100% ordinary
100% preference |
Hong Kong |
|
| BT Ignite GmbH & Co OHGd |
Communication related services and products provider |
100% ordinary |
Germany |
|
| BT Ignite Nederland BVd |
Communication related services and products provider |
100% ordinary |
Netherlands |
|
| BT North America Inc.d |
Communication related services and products provider |
100% common |
USA |
|
| BT Property Limitedd |
Property holding company |
100% ordinary |
UK |
|
| BT Subsea Cables Limitedd |
Cable maintenance and repair |
100% ordinary |
UK |
|
| BT Ignite Espana SAUde |
Communication related services and products provider |
100% ordinary |
Spain |
|
| BT (Worldwide) Limitedd |
International telecommunication network systems provider |
100% ordinary |
International |
|
| Esat Group Limitedd |
Telecommunication services provider |
100% ordinary |
Ireland |
|
| Farland BVcd |
Provider of trans-border fibre network across BT's partners in Europe |
100% ordinary |
International |
|
| Syntegra Groep BVd |
Systems integration and application development |
100% common |
Netherlands |
|
| Syntegra SAd |
Systems integration and application development |
100% ordinary |
France |
|
| Syntegra (USA) Inc.cd |
Systems integration and electronic business outsourcing services |
100% common |
International |
|
| aThe group comprises a large number of companies and it is not practical to include all of them in this list. The list, therefore, only includes those companies that have a more significant impact on the profit or assets of the group. |
| bThe proportion of voting rights held corresponds to the aggregate interest percentage held by the holding company and subsidiary undertakings. |
| cAll overseas undertakings are incorporated in their country of operations. Subsidiary undertakings operating internationally are all incorporated in England and Wales, except Farland BV and Syntegra (USA) Inc, which are incorporated in the Netherlands and USA, respectively. |
| dHeld through intermediate holding company. |
| eFormerly BT Telecomunicaciones SA. |
 |
|
|
|
|
|
|
|
Share capital |
|
|
|
|
|
|
b=billions
m=millions |
Activity |
Issueda |
Percentage
owned |
Country of
operationsb |
|
|
|
| Joint Ventures |
|
| Albacom SpA |
Communication related services and products provider |
€342 |
m |
45.5 |
%c |
Italy |
|
|
|
| Blu SpA |
Mobile cellular telephone system provider and operator |
€1.2 |
b |
29 |
% |
Italy |
|
|
|
| Concert BV |
Global communication related services and products provider |
€23 |
m |
100 |
%d |
International |
|
|
|
| LG Telecom |
Mobile cellular telephone system provider and operator |
Won 1,386 |
b |
16.59 |
% |
Republic of South Korea |
|
|
|
| aIssued share capital comprises ordinary or common shares, unless otherwise stated. All investments are held through intermediate holding companies. |
| bAll overseas companies are incorporated in their country of operations, with the exception of Concert BV which is incorporated in the Netherlands. |
| cHeld through a BT subsidiary, 50.5% BT owned. Economic holding is 23%. |
| d100% of ordinary 'B' shares held giving an effective economic interest of 50%. |
This annual report and Form 20-F incorporates by reference the financial statements for the financial year ended 31 December 2001 of Concert BV, furnished to the Securities and Exchange Commission under Form 6-K on 31 May 2002.
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