BT Group PLC — M&A Activity 2014

Nov 24, 2014

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RNS Number : 7974X

BT Group PLC

24 November 2014

24 November 2014

RESPONSE TO RECENT PRESS SPECULATION

BT Group plc (BT) notes the recent press speculation relating to a potential transaction involving Telefónica UK (O2) in the UK.

We continue to develop our own plans for providing enhanced mobile services to business and consumer customers, in line with our previous announcements. We remain confident of delivering on these plans and have also been exploring ways of accelerating them, including assessing the merits of an acquisition of a mobile network operator in the UK.

We have received expressions of interest from shareholders in two UK mobile network operators, of which one is O2, about a possible transaction in which BT would acquire their UK mobile business. All discussions are at a highly preliminary stage and there can be no certainty that any transaction will occur.

A further announcement will be made if and when appropriate.

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Enquiries: 

BT Group plc

Press office:

Ross Cook                                                                              Tel: 020 7356 5369

Investor relations:

Damien Maltarp                                                                       Tel: 020 7356 4909

For further information

Enquiries 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.btplc.com/News

About BT

BT is one of the world's leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed/mobile products and services. BT consists principally of five lines of business: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.

For the year ended 31 March 2014, BT Group's reported revenue was £18,287m with reported profit before taxation of £2,312m.

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 www.btplc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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