Company Profile For BT Group PLC

BT Group plc (BT Group) is a communications services company. It operates in more than 170 countries worldwide. The Company’s principal activities include the provision of networked information technology (IT) services; local, national and international telecommunications services; broadband and Internet products and services, and converged fixed/mobile products and services. The Company is organized into four customer-facing lines of business: BT Global Services, BT Retail, BT Wholesale and Openreach, which are supported by two internal functional units: BT Operate and BT Design. On May 31, 2008, the Company acquired Wire One Holdings Inc. and on July 9, 2008, it acquired Ufindus Ltd. On August 11, 2008, BT Group acquired Moorhouse Consulting and on July 29, 2008, it acquired Ribbit Corporation.

BRIEF: For the three months ended 30 June 2009, BT Group plc's revenue increased 1% to £5.24B. Net income decreased 44% to £214M. Revenues reflect an increase in income from BT Global Services, Openreach and other divisions. Net loss reflects an increase in depreciation expenses, higher exceptional expenses, lower expected return on pension scheme assets and an a decrease in operating & gross margins.