The origin of BT dates back to the establishment of the Electric Telegraph Company in 1846. Several other telecommunications companies were also set up in the United Kingdom in late 19th century and early 20th century.
As these companies merged or acquired or broke down, the survivors were finally transferred to state control under the Post Office. Post Office Telecommunications was renamed as British Telecom in 1980. It became a privatized company, British Telecommunications plc in 1984.
The company adopted a new trading name, BT, a new corporate identity and a new organizational structure on 2 April 1991. Today BT Group plc is a global communications company.
BTís aim is to build long-term partnerships with customers. With their support, BT aims to maximize the potential of traditional business, through a combination of enhanced quality of service, creative marketing, innovative pricing and cost efficiency. At the same time, BT will pursue profitable growth by migrating customers to new wave products and services, such as ICT (information communications technology), broadband, mobility and managed services.
Area of Operation
The principal businesses or activities of BT are:
- Networked IT services
- Local, National and International Telecommunications Services
- Higher-value broadband
- Internet products and services.
- BT Group holds assets of $50.95 billion.
- The company has made profits of $3.44 billion in 2006.
- BT operates in 170 countries.
- BT has approximately 100,000 employees.
The organization includes:
- Executive Directors
- Non-Executive Directors
- Company Secretary
- Board Committees
- Audit Committee
- Remuneration Committee
- Nomination Committee
- Equality of Access Board
- BT ranks 162 in Fortune Global 500 list.
- The Forbes Magazine ranks BT Group 136 in the world.
The company is so structured that BT Group plc is a wholly owned subsidiary encompassing the following separately run businesses:
- BT retail
- BT Global Services
- BT Wholesale
- BT Exact
81 Newgate Street,
London, EC1A 7AJ
Website URL : www.btplc.com , www.bt.com