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BT Group plc, trading as BT, is a British multinational telecommunications services company with head offices in London, England, Great Britain. It has operations in around 170 countries. Through its BT Global Services division it is a supplier of telecoms services to corporate and government customers worldwide. Its BT Retail division is a suppliers of telephony, broadband and subscription television services in GB, with circa 18 million customers.
BT's origins date back to the founding of the Electric Telegraph Company in 1846 which developed a nationwide communications network. In 1912, the General Post Office, a government department, became the monopoly telecoms supplier in GB. The Post Office Act of 1969 led to the GPO becoming a public corporation. British Telecom was formed in 1980, and became independent of the Post Office in 1981. British Telecom was privatised in 1984, with some 50 per cent of its shares sold to investors. The Government sold its remaining stake in further share sales in 1991 and 1993.
BT has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.
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