April The Telecommunications Bill received royal assent on 12 April.
June British Telecom’s and Kingston-upon-Hull City Council’s licences were published.
August Oftel was officially created on 1 August. That month BT became a public limited company.
November 51% of BT shares were sold to the public – a total of 3,012 million ordinary shares. The purchase price was 130p and the offer was 3.2 times oversubscribed.
Ofcom has advised that a statement on the regulation supporting 0870 number revenue share payments should be made by Christmas this year. Read more »
Please Note - To ensure ITC provide our valued customers with the highest levels of service our minimum call threshold per client is 10,000 call minutes per month.