British Telecom BT Group plc (NYSE: BT, LSE: BT.A) was founded on October 1, 1981. Its predecessor was the British state-run telecommunications utility under the rule of the British Post Office. It is headquartered in London, England, and has 102,500 full-time employees. The largest telecommunications facility hardware supplier in the UK, with business offices or offices in more than 170 countries around the world.
BT Group (BT):
British Telecom, BT, the full name of British Telecom, is a multinational company listed on both the London Stock Exchange and the New York Stock Exchange. It separated from Royal Mail on October 1, 1981 and became an independent state-owned enterprise. In 1984, The British Conservative Party, Margaret Thatcher, sold 50% of the public shares to the market and became a private company. Most of BT’s revenue comes from its headquarters in the UK, and the turnover of overseas offices currently accounts for one-third of the group’s total turnover.
There are more than 1,000 operators operating various telecommunication services in the UK, but several large companies occupy absolute market shares. British Telecom (BT) occupies a dominant position in the fixed-line market, with a traffic share of more than 50%. Five operators, Vodafone , Orange , O2, T-Mobile and Hutchison 3G, control 90% of the mobile market . Vodafone’s retail revenue and traffic market share are respectively 30% and 20%, ranking first. Hutchison is the UK’s first 3G service operator. The original four major GSM operators such as Vodafone are accelerating the adoption and promotion of 3G technology, making the UK the first country in Europe to enter the 3G market.
BT Group (BT) History:
- Before 2002, BT’s market operation was based on business, and there were five main areas: BT Wholesale, operating public telephone networks; BT Retail, using BT wholesale networks to develop fixed-line telephone customers; BT Openworld, providing Internet access and Content services; BT Ignite, operating IP networks; Concert, a joint venture with AT&T, providing global services.
- Since 2002, BT has taken broadband services as the focus of its development.
- In April 2003, BT reorganized the company’s internal business structure and established BT Global Services, which is responsible for providing comprehensive information and communication services and a complete set of solutions for large-scale commercial customers around the world, including desktop computers and Internet equipment and software, data transmission and line connection, e-commerce solutions, business process outsourcing, network service management, system integration and information consulting services, etc.
- At the beginning of 2004, BT and Vodafone signed a five-year cooperation agreement and became Vodafone’s mobile virtual operation partner.
- In 2004, BT established a working group called One IT, dedicated to building, designing, expanding and managing IT networks and communication systems for users. NHS, Unilever, the British Ministry of Defence, Reuters, British pension institutions and local governments have become new users of One IT.
- At the end of 2004, BT set up a dedicated broadband entertainment and education department (BT Entertainment), whose main business was the development, licensing and sale of broadband content, including customized music, games, TV and movies.
- In April 2005, the number of BT broadband users exceeded 5 million.
- In the second half of 2011, British Telecom separated its mobile phone company BT Wireless and listed no more than 25% of BT Wireless.
- In 2011, the new NetCo network company was formed, and 25% of the shares were publicly listed.
- British Telecom and the American Telephone and Telegraph Company (AT & T) to form Concert telecommunications company, each of the parties has a fifty percent stake in the company.