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BT as public limited company.
Member rating: No Rating | Words: | Submitted: Tue Oct 21 2003
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E1 INTRODUCTION When British Telecom (BT) started, it was a public ownership owned by the British Government. But the Government sold the company to become a public limited company and since 1996 the company became a public limited company owned privately by shareholders. BT is now Europe's leading telecommunications service provider with 29 million lines in the United Kingdom, a turn over of £2.4 billion in 2002 and has the highest market share of 73% BT employs 250,000 staff in the UK. BT's principal activities include local, national and international telecommunication services, higher quality broadband Internet products and services. BT provides four lines, which are BT wholesale, BT Ignite, BT Open world and BT retail. THE BENEFITS OF BT AS A PUBLIC LIMITED COMPANY * They can get loan from any bank in the country * They can raise their own capital by selling shares * They have voice the market shares * They sell share through...
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