Page 25 - SAMENA Trends - August 2019

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

shares from the New York Stock Exchange Latin American business for sale, valued placed a GBP400 million price tag on its BT
and deregister with the US Securities and at around GBP1 billion, following reports Ireland unit and the group is also seeking a
Exchange Commission to reduce reporting in June which said the British group was buyer for its operations in Italy.
costs and complexity. According to reports exploring the sale of its Spanish division.
last month, BT has earmarked its entire Furthermore, in April this year the telco

BT Announces Intention to Deregister and Terminate Reporting Obligations
with the SEC

British Telecommunications plc (BT plc) hereby announces its Commission (SEC) to deregister all of its registered debt securities
intention to file a Form 15F with the US Securities and Exchange and expects deregistration to become effective 90 days later. The
decision to delist and deregister is aimed at reducing reporting
costs and complexity whilst maintaining the highest standards
of corporate governance and transparent financial reporting.
BT plc notes the announcement made by its parent company,
BT Group plc, with respect to its intention to delist its American
Depositary Shares from the New York Stock Exchange, terminate
its American Depositary Receipts program and to deregister its
equity securities and terminate its reporting obligations with the
SEC. The full text of the announcement can be found at http://
www.morningstar.co.uk/uk/NSM BT plc will continue to positively
engage with US debt investors, and its obligations to its existing
bondholders will not be affected by the deregistration. BT plc
reserves the right to delay these filings or to withdraw them prior
to their effectiveness, and to otherwise change its plans in this
regard. The person responsible for making this announcement is
Rachel Canham, BT Group’s Company Secretary.

New MVNO Audacious Launches Mobile Service in the UK in Partnership
with BT

Audacious is a new Mobile Virtual Network users the freedom to leave at any time. have better, clearer conversations.” Alex
Operator (MVNO) service that will deliver an Customers can take a commitment free Tempest, Managing Director, BT Wholesale,
enhanced audio experience to assist the 10 sound check on the Audacious website to said: “Making better connections is what
million people in the UK who have hearing receive their personal hearing profile. They we do best, so we’re really proud to be
loss. The new offering is underpinned by can then order a personalized SIM card supporting the launch of a service which
BT’s EE mobile network which provides tailored to the individual way they hear. will make the world more accessible for
the underlying mobile infrastructure for There’s no need for customers to replace people with hearing difficulties. “The
Audacious’ voice and 4G data services, their mobile phone; to start experiencing strength and breadth of our EE mobile
as well as international roaming and clearer calls they simply replace their network makes BT the ideal MVNO
wholesale billing. By partnering with existing SIM card with their personalized partner for Audacious. By leveraging the
BT, Audacious gains access to the UK’s Audacious one. Audacious Founder, best mobile network in the UK, as well as
biggest and fastest mobile network, with Matthew Turner, said: “Having lived with providing clearer calls to their customers,
EE offering superfast 4G in more places moderate to severe hearing loss since birth, Audacious can deliver a superior customer
than any other operator. As well has having I am fully aware of the emotional impact experience, with unrivalled 4G coverage
access to enhanced audio services on millions of people are experiencing as they and superfast speeds for data services.”
their mobile, Audacious’ users will enjoy struggle daily to communicate using the The EE Network has independently been
the unrivalled customer experience of the mobile phone. It was a real struggle to talk recognized as the UK’s best network for
EE network when using data services. on the phone and it had a negative impact six years running, winning multiple awards
The Audacious mobile service works in on both my personal and professional life. for data speeds. Through BT Wholesale
exactly the same way as a current mobile I made it my personal mission to develop the EE network currently supports almost
service with minutes and data, but makes the technology that could tailor phone 30 mobile brands via MVNO agreements,
calls clearer too. Contracts will be rolling calls to individual hearing loss or needs providing mobile services to over 5 million
on a flexible monthly basis, which allow and so empower people across the UK to end customers.

25 AUGUST 2019