Plusnet is a broadband, landline, TV and mobile service provider in the UK. It used to be listed on the alternative investment market (AIM) until 2007, when it was acquired by BT. Plusnet also operates Metronet and John Lewis Broadband.
It’s possible to invest in Plusnet, but as it’s owned by BT, you’d need to buy BT shares.
As well as Plusnet, BT owns:
This means that if you choose to invest in Plusnet by buying shares in BT, then you’ll be investing in the other brands that it owns as well. It’s worth doing the research into what some of BT’s main brands are getting up to, as well as Plusnet.
|Industry||Telecom Services||Currency symbol||p|
|Type||Common Stock||Country ISO||UK|
|Name||BT Group plc||ISIN||GB0030913577|
|Currency code||GBX||Sector||Communication Services|
|Currency name||Pence sterling||Full-time employees||99700|
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Plusnet has been growing steadily since its founding. It was sold to BT in 2006 in a deal which was reportedly worth £67 million. Plusnet corporate staff were moved to BT contracts in 2020.
BT dates back to 1846. It became independent of the Post Office in 1981. It’s a part of the FTSE 100 index.
BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Consumer, Enterprise, Global, and Openreach segments. The Consumer segment offers landline, mobile, broadband, and TV services under the BT, EE, and Plusnet brands. The Enterprise segment provides network solutions to communications providers; and sells communications and IT services to businesses and public sector organizations. Its services include fixed voice, mobile, fixed connectivity, and IT services. The Global segment secures and manages network and cloud infrastructure and services for multinational corporations. It also offers voice and data network services, such as managed, security and network, and IT infrastructure services. The Openreach segment provides fixed connectivity access network that connects homes, mobile phone masts, schools, shops, banks, hospitals, libraries, broadcasters, governments, and big and small businesses. This segment also offers last mile, a services over the local access network; and installs and maintains fiber and copper communications networks from exchanges to homes and businesses. BT Group has strategic partnership with Microsoft. The company was formerly known as Newgate Telecommunications Limited and changed its name to BT Group plc in September 2001. BT Group plc was incorporated in 2001 and is headquartered in London, the United Kingdom.
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