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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 2005, other than the company, all of which were unlisted unless otherwise stated, were as follows:

     
Activity		     Group interest
in allotted capitalb		     Country
of operations		 c
 
Subsidiary undertakings
                    
Albacom SpAde
     Communication related services and products provider     100% ordinary     Italy  
British Telecommunications plcd
     Communication related services and products provider     100% ordinary     UK  
 
BT Americas Inc.d
     Communication related services and products provider     100% common     USA  
 
BT Australasia Pty Limitedd
     Communication related services and products provider     100% ordinary
100% preference		     Australia  
 
BT Cableships Limitedd
     Cableship owner     100% ordinary     International  
 
BT Centre Nominee 2 Limitedd
     Property holding company     100% ordinary     UK  
 
BT Communications
Management Limitedd
     Telecommunication services provider     100% ordinary     UK  
 
BT ESPANA, Compania de Servicios Globales de Telecommunicaciones, S.A.d
     Communication related services and products provider     100% ordinary     Spain  
 
BT Fleet Limitedd
     Fleet management company     100% ordinary     UK  
 
BT (Germany) GmbH & Co. oHGd
     Communication related services and products provider     100% ordinary     Germany  
 
BT Global Services Limitedd
    
International telecommunication network systems provider
     100% ordinary     UK  
 
BT Holdings Limitedd
     Investment holding company     100% ordinary     UK  
 
BT Hong Kong Limitedd
     Communication related services and products provider     100% ordinary
100% preference		     Hong Kong  
 
BT Limitedd
    
International telecommunication network systems provider
 		     100% ordinary     International  
 
BT Nederland NVd
     Communication related services and products provider     100% ordinary     Netherlands  
 
BT Subsea Cables Limitedd
     Cable maintenance and repair     100% ordinary     UK  
 
BT US Investments LLCd
     Investment holding company     100% ordinary     USA  
 
Communications Networking Services (UK)d
     Communication related services and products provider     100% ordinary     UK  
 
Communications Global Network
Services Limitedd
     Communication related services and products provider     100% ordinary     Bermuda  
 
Esat Telecommunications Limiteddg
     Telecommunication services provider     100% ordinary     Ireland  
 
Farland BVcd
    
Provider of trans-border fibre network across BT’s partners in Europe
     100% ordinary     International  
 
Infonet Services Corporationdf
     Global managed network service provider     100% common     USA  
 
Infonet USA Corporationdf
     Global managed network service provider     100% common     USA  
 
Syntegra Limitedd
     Systems integration and application development     100% ordinary     UK  
 
Syntegra Groep BVd
     Systems integration and application development     100% ordinary     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  
 
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. A full list of subsidiaries, joint ventures and associates will be annexed to the company’s next annual return filed with the Registrar of Companies.
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 February 2005, BT acquired the remaining 74% economic interest in Albacom SpA, and is now 100% owned.
f
In February 2005, BT acquired the Infonet group of companies.
g
In April 2005, Esat Telecommunications Limited changed its name to BT Communications Ireland Limited.
 

          Share capital        
         
       
bn = billions
                 Percentage     Country of  
m = millions
     Activity     Issued a   owned     operations b
 
Joint Ventures
  		                      
LG Telecom
     Mobile cellular telephone system provider and operator     Won 1,386 bn   16.586% c   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
Incorporated in the country of operations.
c
Held through intermediate holding company.
 

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