BT Group PLC
06 July 2007
DC07-358 July 6, 2007
BT AGREES TO ACQUIRE BRIGHTVIEW GROUP LIMITED
BT announced today that it has agreed to acquire Brightview Group Limited
('Brightview'), the internet service provider (ISP) owned by Brightview plc for
approximately £15.8m in cash, subject to approval from Brightview's
shareholders.
Established in April 2001, Brightview is a small consumer ISP with a strong
reputation for high-quality customer and technical support. Brightview operates
the ISP brands Madasafish and Global Internet, as well as the Which?
-award-winning Waitrose ISP. Brightview is also working with John Lewis
Partnership to launch its new ISP and telephony service under the 'GreenBee'
brand.
Brightview currently has around 62,000 broadband customers and generated
revenues of £11.0m and EBITDA of £3.0m in the year ended 30 June 2006.
Ian Livingston, BT Retail chief executive, said: "BT already provides the UK's
most popular and best-performing ADSL broadband service. This acquisition will
ensure that Brightview's customers can benefit from our market-leading services,
resources and technology development as well as the excellent customer service
they're already receiving."
ENDS
NOTES FOR EDITORS
For further information
Inquiries about this news release should be made to the BT Group Newsroom on its
24-hour number: 020 7356 5369. From outside the UK dial + 44 20 7356 5369. All
news releases can be accessed at our web site: http://www.bt.com/newscentre.
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;
higher-value broadband and internet products and services and converged fixed/
mobile products and services. BT consists principally of four lines of business:
BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended March 31, 2007, BT Group plc's revenue was £20,223 million
with profit before taxation of £2,484 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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