Information  X 
Enter a valid email address
  Print      Mail a friend       More announcements

Wednesday 07 January, 2009


BT Increases Holding in Net2S S.A.

PUTEAUX, France, January 7 /PRNewswire/ --     Following BT Group plc's ("BT") 
public tender offer for the entire issued 
share capital of Net2S S.A. ("Net2S") during March 2008, through which BT 
increased its holding to 91.11%1 of the issued share capital, BT announces 
that it has further increased its holding today through the acquisition of 
Trafalgar Catalyst Fund's entire holding of 746,040 shares in Net2S at a 
price of EUR5.27 per share in cash. As a result of this acquisition, BT now 
holds 12 791 476 shares of Net2S corresponding to 97.25% of the issued share 
capital of Net2S(1) and 97.14 % of the voting rights(2).

    A further announcement will be made in due course regarding the
conditions of any applicable buyout offer and/or compulsory acquisition over
the Net2S shares, and any effects on the reorganisation announced on 16
December 2008.

About BT

    BT is one of the world's leading providers of communications solutions 
and services operating in 170 countries. Its principal activities include 
the provision of networked IT services globally; local, national and 
international telecommunications services to our customers for use at home, 
at work and on the move; 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 

    In the year ended 31 March 2008, BT Group's revenue was GBP20,704 million
with profit before taxation and specific items of GBP2,506 million.

    British Telecommunications plc (BT) is a wholly-owned subsidiary of BT
Group plc 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:

    (1) Based on an issued share capital of Net2S of 13,153,845 as of 31
December 2008.

(2) Based on 13 168 450 voting rights of Net2S as of 31 December 2008

    Marc Cabaret
    Tel.: +33(0)1-46-96-00-40


a d v e r t i s e m e n t