BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.
|Type||Public limited company|
|Founded||18 June 1846|
(foundation of the Electric Telegraph Company)
1 January 1912
(National Telephone Company system take-over under the General Post Office)
1 October 1969
(as a public corporation under the Post Office)
1 October 1981
(as a public corporation under the British Telecom brand)
1 April 1984
(as a private company)
|Headquarters||BT Centre, |
|Revenue||£22.905 billion (2020)|
|£3.283 billion (2020)|
|£1.734 billion (2020)|
Number of employees
BT's origins date back to the founding in 1846 of the Electric Telegraph Company, the world's first public telegraph company, which developed a nationwide communications network. BT Group as it came to be started in 1912, when the General Post Office, a government department, took over the system of the National Telephone Company becoming the monopoly telecoms supplier in the United Kingdom. The Post Office Act of 1969 led to the GPO becoming a public corporation. The British Telecom brand was introduced in 1980, and became independent of the Post Office in 1981, officially trading under the name. British Telecommunications was privatised in 1984, becoming British Telecommunications plc, with some 50 percent of its shares sold to investors. The Government sold its remaining stake in further share sales in 1991 and 1993. BT is a Royal Warrant holder of the British Royal Family and has a primary listing on the London Stock Exchange, a secondary listing on the New York Stock Exchange, and is a constituent of the FTSE 100 Index.
BT controls a number of large subsidiaries. BT Global Services division supplies telecoms services to corporate and government customers worldwide, and its BT Consumer division supplies telephony, broadband, and subscription television services in the United Kingdom to around 18 million customers.