BT Announces Change to Its New York Stock Exchange Stock Symbol

Nov 15, 2004, 00:00 ET from BT Group plc

    LONDON, Nov. 15 /PRNewswire-FirstCall/ -- BT Group plc announced that from
 today (Monday, November 15) its ticker symbol for the New York Stock Exchange
 listed American Depository Receipts (ADRs) has changed to BT (formerly BTY).
      BT's chief executive, Ben Verwaayen will mark the occasion today by
 ringing the closing bell at the New York Stock Exchange. He is in New York to
 brief analysts on BT's half year results.  BT's results of the second quarter
 showed the biggest increase in quarterly turnover for nearly three years (up
 to 4.6 billion pounds Sterling). Profit before tax, goodwill amortisation and
 exceptional items was up four per cent at 549 million pounds in Quarter 2 and
 the interim dividend increased by 22 per cent.
      Last week BT agreed to acquire (subject to Infonet's shareholders
 approval and regulatory clearances) the US-based (El Segundo, California)
 Infonet, one of the world's leading providers of international managed voice
 and data network service. This will significantly enhance BT's position in key
 markets including North America and Asia Pacific
      The USA represents a significant growth market for ICT services and many
 of BT's strategic partners are headquartered in the USA. BT has had a presence
 in the USA since 1988 and has approximately 2,000 employees based there.
 Before joining BT Ben Verwaayen was formerly vice chairman of the management
 board of Lucent Technologies in the USA.  Prior to joining Lucent he worked
 for KPN in the Netherlands.
     About BT
     BT is one of the world's leading providers of communications solutions
 serving customers in Europe, the Americas and Asia Pacific.  Its principal
 activities include IT and networking services, local, national and
 international telecommunications services, and higher-value broadband and
 internet products and services.
     BT consists principally of three lines of business:
     *  BT Retail, providing fixed and mobile communications services and
        solutions and IT and networking services to more than 20 million
        business and residential customers in the UK. It is also a leading UK
        internet services provider.
     *  BT Wholesale, providing network services and solutions within the UK to
        more than 600 fixed and mobile operators and service providers
        including the provision of broadband, private circuits.
     *  BT Global Services, providing IT and networking services
        internationally to meet the needs of multi-site organisations with
        European operations. BT Global Services operates in more than 130
        countries and also offers international carrier services.
     In the year ended 31 March 2004, BT Group's turnover was 18,519 million
 pounds with profit before goodwill amortisation, exceptional items and
 taxation of 2,013 million pounds.
     BT Group plc is listed on stock exchanges in London and New York. British
 Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and
 encompasses virtually all businesses and assets of the BT Group.
     For more information, visit

SOURCE BT Group plc