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BT Group is a holding company; the majority of its businesses and assets are held by its wholly owned subsidiary British Telecommunications plc. [119] BT's businesses are operated under special government regulation by the British telecoms regulator Ofcom (formerly Oftel). BT has been found to have significant market power in some markets ...
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Being the global headquarters and registered office of former tenant, BT Group. 81 Newgate Street (alternatively referred to as Panorama St Paul’s ) is a 10-storey office building on Newgate Street in the City of London , opposite St Paul's tube station . [ 1 ]
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BT made even more money when it sold its stake in MCI to Worldcom in 1998 for £4.15bn on which it made an exceptional pre-tax profit of £1.13bn. As part of the deal, BT bought from MCI its 24.9 per cent interest in Concert Communications, [ 20 ] [ 21 ] making Concert a wholly owned part of BT.
In August 2023, BT Group announced Kirkby's appointment as chief executive officer, to succeed Philip Jansen in February 2024 as the first woman to hold the position. [ 2 ] [ 5 ] As chief executive, Kirkby would be responsible for the £15 billion rollout of fibre broadband to 25 million homes by 2026 and the cutting of up to 55,000 jobs by 2030.
The BT Global Media Network delivers television content around the world. BT Retail split into BT Consumer and BT Business. The transformation of BT's network to becoming digital began in 1985, and finished in July 1990. BT's Worldwide Network Management Centre at Oswestry opened on 5 September 1990, at a cost of £4m.