BT 1997 Annual Report Download - page 62

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SUBSIDIARY AND ASSOCIATED UNDERTAKINGS
62
Group interest
Subsidiary undertakings in allotted
(continued) Activity capital (b) Country of operations (c)
First State Computing Unit Trust (a) Systems integration and 100% equity Australia
application development
Manx Telecom Limited (a) Telecommunication services supplier 100% ordinary Isle of Man
Syntegra Groep BV (a) Systems integration and 100% equity Netherlands
application development
Telecom Securicor Mobile cellular telephone 60% ordinary United Kingdom
Cellular Radio Limited (a) system provider and operator
Westminster Cable Cable television service provider 100% ordinary United Kingdom
Company Limited
Yellow Pages Sales Limited (a) Yellow Pages sales contractor 100% ordinary United Kingdom
(a) Held through intermediate holding company.
(b) The proportion of voting rights held corresponds to the aggregate interest percentage held by the holding company and
subsidiary undertakings, unless otherwise stated.
(c) All overseas undertakings are incorporated in their country of operations. Subsidiary undertakings operating internationally
are all incorporated in England and Wales.
(d) Control established via intermediate holding company.
(e) The company has agreed to purchase the 50% interest in BT Telecomunicaciones SA that it does not already own; pending
completion, the company has full control of the subsidiary company’s voting rights.
Share capital or debt securities
Percentage
Associated undertakings Activity Issued (c) owned Country of operations (d)
Bharti Cellular Limited (a) Mobile cellular Rs1.05 billion 23% India
telephone system
provider and operator
Clear Communications Limited (a) Telecommunication Equity NZ$101m 25% New Zealand
services supplier
MCI Communications Telecommunication Equity US$74m 20% USA
Corporation (a) (b) services supplier Notes US$2,877m –
Preferred securities
US$750m –
Springboard Internet Internet service £5.6m 50% UK
Services Limited (a) provider
Telenordia AB (a) Communication Equity SKR102m 33% Sweden
related services and
products provider
Tel f o r t BV (a) Communication Equity NLG 0.5m 50% Netherlands
related services and
products provider
VIAG INTERKOM Communication Equity DM208m 50% Germany
GmbH & Co (a) related services and
products provider
(a) Held through intermediate holding company.
(b) Listed company.
(c) Equity comprises ordinary or common shares.
(d) All overseas undertakings are incorporated in their country of operations.