BT 2002 Annual Report Download - page 136

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Share capital
b = billions
m = millions Activity Issued
a
Percentage
owned
Country of
operations
b
Joint Ventures
Albacom SpA Communication related services
and products provider
e342m 45.5%
c
Italy
Blu SpA Mobile cellular telephone system
provider and operator
e1.2b 29% Italy
Concert BV Global communication related services
and products provider
e23m 100%
d
International
LG Telecom Mobile cellular telephone system provider
and operator
Won 1,386b 16.59% Republic of South
Korea
a
Issued share capital comprises ordinary or common shares, unless otherwise stated. All investments are held through intermediate holding companies.
b
All overseas companies are incorporated in their country of operations, with the exception of Concert BV which is incorporated in the Netherlands.
c
Held through a BT subsidiary, 50.5% BT owned. Economic holding is 23%.
d
100% of ordinary `B' shares held giving an effective economic interest of 50%.
This annual report and Form 20-F incorporates by reference the ®nancial statements for the ®nancial year ended
31 December 2001 of Concert BV, furnished to the Securities and Exchange Commission under Form 6-K on 31 May
2002.
Share capital
b = billions
m = millions Activity Issued
a
Percentage
owned
Country of
operations
b
Associates
Cegetel SA Communications related services
and products provider
e1.43b 26% France
SmarTone
Telecommunications
Holdings Limited
Mobile cellular telephone system provider
and operator
HK$59m 20.66% Hong Kong
a
Issued share capital comprises ordinary or common shares, unless otherwise stated. All investments are held through intermediate holding companies.
b
All overseas undertakings are incorporated in their country of operations.
Subsidiary undertakings, joint ventures and associates
BT Group Annual Report and Form 20-F 2002 135