BT-EUROPE CONTINENTAL TURNOVER UP 20% IN 98/99.

• Position: Company Business and Marketing

British Telecom (BT) has announced a 20% increase in turnover in continental Europe, through the various joint ventures in which it participates, to 1.2 billion pounds (Euro 1.86 billion) in 1998/99. BT has made a loss of 287 million pounds (Euro 445 million) on these activities, compared with an anticipated 310 million. The total turnover of these joint ventures amounted to 4 billion pounds (Euro 6.2 billion), 33% more that anticipated. They hold a combined 4% share of the market, a figure BT aims to increase to 9% by 2002/2003. BT is involved in eleven joint ventures in continental Europe in the mobile telecommunications, Internet and business communications sectors, and ca boast nine million subscribers across Europe, including seven million mobile phone subscribers and a million Internet users. Last year, BT and...