BT Group PLC
23 November 2006
DC06-631 NOVEMBER 23, 2006
BT ACQUIRES ASSETS OF TELEXIS BRASIL
BT today announced that BT has acquired the assets of Telexis Brasil, Fiat's
Brazilian telecommunications business. Telexis provides services to both Fiat
Group and external customers. The transaction follows BT's acquisition of Fiat's
Italian telecommunications subsidiary, Atlanet, which was completed in February
2006.
For the year ended 31 December 2005, Telexis Brasil achieved revenues of around
US$2 million and had gross assets of approximately US$640,000.
ENDS
About BT
BT is one of the world's leading providers of communications solutions and
services operating in 170 countries. Its principal activities include networked
IT services, local, national and international telecommunications services, and
higher-value broadband and internet products and services. BT consists
principally of four lines of business: BT Global Services, Openreach, BT Retail
and BT Wholesale.
In the year ended 31 March 2006, BT Group plc's revenue was £19,514 million with
profit before taxation of £2,040 million.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and
encompasses virtually all businesses and assets of the BT Group. BT Group plc is
listed on stock exchanges in London and New York.
For more information, visit www.bt.com/aboutbt
This information is provided by RNS
The company news service from the London Stock Exchange
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