is one of the worlds leading providers of communications
solutions serving customers in Europe, the Americas and Asia Pacific.
Its principal activities include networked IT services, local,
national and international telecommunications services, and higher-value
broadband and internet products and services. In the UK, BT serves
over 20 million business and residential customers, as well as
providing network services to other operators.
BT Group plc is a
public limited company registered in England and Wales, with listings
on the London and New York stock exchanges.
is the annual report for the year ended 31 March 2005. It complies
with UK regulations and is the annual report on Form 20-F for the
Securities and Exchange Commission to meet US regulations.
annual report has been sent to shareholders who have elected to
receive a copy. A separate annual review and summary financial statement
for the year ended 31 March 2005 has been issued to all shareholders.
In this annual report,
references to BT Group, BT, the group,
the company, we or our are to
BT Group plc (which includes the continuing activities of British
Telecommunications plc) and its subsidiaries and lines of business,
or any of them as the context may require.
to the financial year are to the year ended 31 March
of each year, eg the 2005 financial year refers to the
year ended 31 March 2005. Unless otherwise stated, all non-financial
statistics are at 31 March 2005.
statement regarding forward-looking statements.
BT was incorporated in
England and Wales on 30 March 2001 as Newgate Telecommunications
Limited with the registered number 4190816. The company changed
its name to BT Group plc on 11 September 2001. Following the demerger
of O2 in November 2001, the continuing activities of BT were transferred
to BT Group.
Groups registered office address is 81 Newgate Street, London