BT 2003 Annual Report Download - page 136

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BT Group plc is the parent company of the group. Brief details of its principal operating subsidiary undertakings,
joint ventures and associates at 31 March 2003, all of which were unlisted unless otherwise stated, were as follows:
Activity
Group interest
in allotted capital
b
Country
of operations
c
Subsidiary undertakings
British Telecommunications plc
d
Communication related services and products provider 100% ordinary UK
BT Pty Limited
de
Communication related services and products provider 100% ordinary
100% preference
Australia
BT Cableships Limited
d
Cableship owner 100% ordinary International
BT Communications
Management Limited
d
Telecommunication services provider 100% ordinary UK
BT (Hong Kong) Limited
d
Communication related services and products provider 100% ordinary
100% preference
Hong Kong
BT Fleet Limited
d
Fleet management company 100% ordinary UK
BT Global Networks Limited
d
International telecommunication network systems provider 100% ordinary UK
BT Holdings Limited
d
Investment holding company 100% ordinary UK
BT Ignite GmbH & Co OHG
d
Communication related services and products provider 100% ordinary Germany
BT Nederland NV
df
Communication related services and products provider 100% ordinary Netherlands
BT Americas Inc.
dg
Communication related services and products provider 100% common USA
BT Property Limited
d
Property holding company 100% ordinary UK
BT Subsea Cables Limited
d
Cable maintenance and repair 100% ordinary UK
BT Ignite Espana SAU
d
Communication related services and products provider 100% ordinary Spain
BT Limited
dh
International telecommunication network systems provider 100% ordinary International
BT US Investments LLC
d
Investment holding company 100% ordinary USA
Communication Networking Services
(UK)
d
Communication related services and products provider 100% ordinary UK
Communications Global Network
Services Limited
d
Communication related services and products provider 100% ordinary Bermuda
Esat Telecommunications Limited
d
Telecommunication services provider 100% ordinary Ireland
Farland BV
cd
Provider of trans-border fibre network across BT’s
partners in Europe
100% ordinary International
Syntegra Limited
d
Systems integration and application development 100% ordinary UK
Syntegra Groep BV
d
Systems integration and application development 100% common Netherlands
Syntegra SA
d
Systems integration and application development 100% ordinary France
Syntegra (USA) Inc.
cd
Systems integration and electronic business
outsourcing services
100% common International
a
The group comprises a large number of companies and it is not practical to include all of them in this list. The list, therefore, only includes those
companies that have a more significant impact on the profit or assets of the group.
b
The proportion of voting rights held corresponds to the aggregate interest percentage held by the holding company and subsidiary undertakings.
c
All overseas undertakings are incorporated in their country of operations. Subsidiary undertakings operating internationally are all incorporated in England
and Wales, except Farland BV and Syntegra (USA) Inc, which are incorporated in the Netherlands and USA, respectively.
d
Held through intermediate holding company.
e
In May 2003, BT Australasia Pty Limited changed its name to BT Pty Limited.
f
In December 2002 BT Ignite Nederland BV was merged into BT Ignite Nederland Holding NV. In the same month BT Ignite Nederland Holding NV
changed its name to BT Nederland NV.
g
In December 2002, BT North Americas Inc. changed its name to BT Americas Inc.
h
In April 2003, BT (Worldwide) Limited changed its name to BT Limited.
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 e417m 45.5%
c
Italy
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.
c
Held through a BT subsidiary, 50.5% BT owned. Economic holding is 23%.
Subsidiary undertakings, joint ventures and associates
BT Annual Report and Form 20-F 2003 135