This site contains the information additional to the 1998 BT Annual Report and Accounts, which together comprise the 1998 BT Annual Report on Form 20-F.

The 1998 BT Annual Report on Form 20-F has been prepared solely to meet the requirements of US and Canadian law and regulation.
Non-North American Readers may only make use of the Report in accordance with the following conditions:

  • The Report is not intended nor should it be treated as an investment advertisement, but instead exclusively as general background about BT.
  • Non-North American Readers must not rely upon the fact the fact that anything is included in or omitted from the Report in relation to any decision to do or refrain from doing anything (including dealing, or refraining from dealing, in any securities) or for any other purpose.

This document is best read with the Adobe Acrobat Reader.


Alternatively, an html version of these pages is available.
If you wish, you can download this additional information as a single file by clicking on the link below.
Alternatively, you can download the report in separate sections.

Note to readers
Exchange rates
Forward looking statements
Item 1 Description of Business
Items 2& 3 Description of Property / Legal Proceedings
Item 4 Control of Registrant
Item 5 Nature of Trading Market
Item 6 Exchange Controls and Other Limitations Affecting Security Holders
Item 7 Taxation
Item 8 Selected Financial Data
Items 9, 9a & 10 Management's Discussion and Analysis of Financial Condition and Results of Operations / Quantitative and Qualitative Disclosures about Market Risk / Directors and Officers of Registrant
Items 11 & 12 Compensation of Directors and Officers / Options to Purchase Securities from Registrant or Subsidiaries
Item 13 Interest of Management in Certain Transactions
Items 15 & 16 Defaults upon Senior Securities / Changes in Securities and Changes in Security for Registered Securities
Items 18, 19a & 19b Financial Statements / Financial Statements Filed as Part of this Annual Report / Exhibits Filed as part of this Annual Report

Note: Items 14 and 17 have been omitted as not applicable.

Copyright British Telecommunications plc, 1998