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 Home >> Subsidiary undertakings, joint ventures and associates

Subsidiary undertakings, joint ventures and associates

BT Group plc is the parent company of the group. Brief details of its principal operating subsidiary undertakings, joint ventures and associates at 31 March 2003, all of which were unlisted unless otherwise stated, were as follows:

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Activity Group interest
in allotted capital
b
Country of operationsc

Subsidiary undertakings
British Telecommunications  plcd Communication related services and products provider 100% ordinary UK

BT Pty Limitedde Communication related services and products provider 100% ordinary Australia
  100% preference

BT Cableships Limitedd Cableship owner 100% ordinary International

BT Communications Telecommunication services provider 100% ordinary UK

   Management Limitedd

     

BT (Hong Kong) Limitedd Communication related services and products provider 100% ordinary Hong Kong
  100% preference

BT Fleet Limitedd Fleet management company 100% ordinary UK

BT Global Networks Limitedd International telecommunication network systems provider 100% ordinary UK

BT Holdings Limitedd Investment holding company 100% ordinary UK

BT Ignite GmbH & Co OHGd Communication related services and products provider 100% ordinary Germany

BT Nederland NVdf Communication related services and products provider 100% ordinary Netherlands

BT Americas Inc.dg 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 SAUd Communication related services and products provider 100% ordinary Spain

BT Limiteddh International telecommunication network systems provider 100% ordinary International

BT US Investments LLCd Investment holding company 100% ordinary USA

Communication Networking Communication related services and products provider 100% ordinary UK
   Services (UK)d      

Communications Global Network Communication related services and products provider 100% ordinary Bermuda
   Services Limitedd      

Esat Telecommunications Limitedd Telecommunication services provider 100% ordinary Ireland

Farland BVcd Provider of trans-border fibre network across BTís 100% ordinary International
  partners in Europe

Syntegra Limitedd Systems integration and application development 100% ordinary UK

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 100% common International
  outsourcing services

 
a The 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.
b The proportion of voting rights held corresponds to the aggregate interest percentage held by the holding company and subsidiary undertakings.
c All 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.
d Held through intermediate holding company.
e In May 2003, BT Australasia Pty Limited changed its name to BT Pty Limited.
f In December 2002 BT Ignite Nederland BV was merged into BT Ignite Nederland Holding NV. In the same month BT Ignite Nederland Holding NV changed its name to BT Nederland NV.
g In December 2002, BT North Americas Inc. changed its name to BT Americas Inc.
h In April 2003, BT (Worldwide) Limited changed its name to BT Limited.


Share capital

b = billions
m = millions

Activity Issueda Percentage
owned
Country of
operations
b

Joint Ventures
Albacom SpA Communication related services and products provider €417m 45.5%c Italy

LG Telecom Mobile cellular telephone system provider and operator Won 1,386b 16.59% Republic of South Korea

a Issued share capital comprises ordinary or common shares, unless otherwise stated. All investments are held through intermediate holding companies.
b All overseas companies are incorporated in their country of operations.
c Held through a BT subsidiary, 50.5% BT owned. Economic holding is 23%.

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