BT Group PLC Altice: National Security & Investment Act Update (8409W)
23 August 2022 - 4:00PM
UK Regulatory
TIDMBT.A
RNS Number : 8409W
BT Group PLC
23 August 2022
23 August 2022
BT Group plc
Altice Europe N.V.: National Security and Investment Act 2021 -
Update
On 26 May 2022, BT Group plc ("BT Group") announced that it had
received notification from the Secretary of State for Business,
Energy and Industrial Strategy that he had considered the increase
by Altice Europe N.V. of its shareholding in BT Group from 12.1% to
18% and was exercising his call-in power under section 1 of the
National Security and Investment Act 2021 (the "Act").
BT Group has now been notified by the Secretary of State that no
further action is to be taken under the Act in relation to the
increase by Altice Europe N.V. of its shareholding in BT Group from
12.1% to 18%.
ENDS
Enquiries
Press office:
Tom Engel Tel: +44 7947 711 959
Investor relations:
Mark Lidiard Tel: 0800 389 4909
About BT Group
BT Group is the UK's leading provider of fixed and mobile
telecommunications and related secure digital products, solutions
and services. We also provide managed telecommunications, security
and network and IT infrastructure services to customers across 180
countries.
BT Group consists of four customer-facing units: Consumer serves
individuals and families in the UK; Enterprise and Global are our
UK and international business-focused units respectively; Openreach
is an independently governed, wholly owned subsidiary, which
wholesales fixed access infrastructure services to its customers -
over 650 communication providers across the UK.
For the year ended 31 March 2022, BT Group's reported revenue
was GBP20,850m with reported profit before taxation of
GBP1,963m.
British Telecommunications plc is a wholly-owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
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END
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