SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
26 November 2004
BT Group plc
(Translation of registrant's name into English)
BT Centre
81 Newgate Street
London
EC1A 7AJ
England
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F..X... Form 40-F.....
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes ..... No ..X..
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ________
Enclosure: 1. BT sells EUTELSAT stake announcement made on 26 November 2004
November 26, 2004
BT SELLS EUTELSAT STAKE FOR GBP363 MILLION
BT announced today that it had signed a definitive agreement with GS Capital
Partners 2000, an investment partnership affiliated with Goldman Sachs, to sell
its entire shareholding in Eutelsat for a price of GBP363 million in cash.
The transaction is conditional only upon the approval of the Board of Eutelsat
and is expected to complete in the current financial year.
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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.bt.com/newscentre
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 and PSTN.
- 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 GBP18,519 million with
profit before goodwill amortisation, exceptional items and taxation of GBP2,013
million.
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 www.bt.com/aboutbt
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
BT Group PLC
(Registrant)
By: /s/ Patricia Day
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Patricia Day, Assistant Secretary. Head of Shareholder Services
Date 26 November 2004