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News and Information Article
- Revenues from US, Japan, India and China to more than double by 2008/9 -
- Italy and Germany to both become 1 billion euro ($1.3 billion) operations
by 2008/9 -
- 400 million pounds Sterling ($751 million) of annualized cost savings to
be delivered by 2008/9 -
LONDON, Sept. 14 /-FirstCall/ -- BT today set out its global
vision predicting strong growth in the US, Japan, India and China. Revenues
from those important markets are expected to more than double by 2008/9
while the company said it is targeting turnover of one billion euros ($1.3
billion) in both the Italian and the German markets during the same period.
BT also announced it will deliver 400 million pounds ($751 million) of
annualized cost savings from its Global Services division by 2008/9. This
will help the division to invest for the future and achieve its targets for
EBITDA growth.
The company also revealed it will launch Corporate Fusion in early 2007
as well as expand its global network providing it with a further
competitive edge over its competitors.
BT Global Services is the fastest growing division within the BT Group.
It supports large businesses and organizations across the globe. Its chief
executive Andy Green said today: "BT Global Services is thriving. We have
transformed the division into a leading supplier of networked IT services
based on the most extensive and resilient network in the world. We have
very ambitious plans and BTs brand is fast becoming as familiar to
businessmen in New York, Tokyo, Mumbai and Shanghai as it is in Europe.
"BTs corporate business is an increasingly important part of the
companys growth strategy. Our diversification into global networked IT
services sets BT apart from other telcos."
BT Global Services provides its customers with networked IT services
based on BTs global network. The division employs 27,500 staff in 53
countries and supplies services in more than 170 countries. Clients include
Reuters, Unilever, Philips and the NHS. The division achieved 15 per cent
revenue growth last financial year winning 5.4bn pounds ($10.1 billion) in
networked IT services orders in that period.
While the division currently generates most of its revenues from the UK
and Western Europe, BT confirmed today that it expects to more than double
its revenues in the US, Japan, India and China over the next three years.
This growth will be driven by an increase in investment and personnel in
those countries. The company also expects both its German and Italian
operations to generate revenues of 1 billion euros by 2008/9 and for there
to be double- digit growth in Spain and the Benelux countries.
BT revealed it is currently adding a new city to its MPLS network every
week and connecting more than 3,000 customer sites a month. The capacity of
the network has been expanded six fold over the last year and carries the
digitized equivalent of the Library of Congress, Washington DC, five times
a day. BT believes its global 21st century network is already the broadest,
richest and most resilient in the world enabling companies and
organisations to instantly trade across the globe with complete confidence.
Finally, BT announced it is to launch Corporate Fusion in early 2007.
This is a new service for large organizations enabling them to take
advantage of fixed-mobile convergence and their increasing deployment of IP
telephony and WiFi coverage. This will potentially deliver greater
productivity, the possibility of reduced GSM call costs and an improved
quality of service. Leeds City Council was confirmed today as the first
major triallist for the innovative service.
- Certain statements in this release are forward-looking and are made in
reliance on the safe harbour provisions of the US Private Securities
Litigation Reform Act of 1995. These statements include, without
limitation, those concerning: continued growth in revenue and
accelerating EBITDA growth; cost savings; the launch of new products and
services; and growth in non-UK business.
- Although BT believes that the expectations reflected in these forward-
looking statements are reasonable, it can give no assurance that these
expectations will prove to have been correct. Because these statements
involve risks and uncertainties, actual results may differ materially
from those expressed or implied by these forward-looking statements.
- Factors that could cause differences between actual results and those
implied by the forward-looking statements include, but are not limited
to: material adverse changes in economic conditions in the markets
served by BT; future regulatory actions and conditions in BTs operating
areas, including competition from others; selection of business of the
appropriate trading and marketing models for its products and services;
technological innovations, including the cost of developing new
products, networks and solutions and the need to increase expenditures
for improving the quality of service; the anticipated benefits and
advantages of new technologies, products and services, including
broadband and other new wave initiatives, not being realised;
developments in the convergence of technologies; fluctuations in foreign
currency exchange rates and interest rates; prolonged adverse weather
conditions resulting in a material increase in overtime, staff or other
costs; the timing of entry and profitability of BT in certain
communications markets; and general financial market conditions
affecting BTs performance. BT undertakes no obligation to update any
forward-looking statements whether as a result of new information,
future events or otherwise.
About BT
BT is one of the worlds leading providers of communications solutions
and services operating in 170 countries. Its principal activities include
networked IT services, local, national and international telecommunications
services, and higher-value broadband and internet products and services. BT
consists principally of four lines of business: BT Global Services,
Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2006, BT Groups revenue was 19,514 million
pounds with profit before taxation of 2,040 million pounds.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT
Group 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 http://www.bt.com/aboutbt
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