In announcing its overhaul, the company reported a loss for the year ended March 31, of £1.7 billion ($2.4 billion), its first since it was privatized by Prime Minister Margaret Thatcher's government in 1984.
That condition was reflected in its sale price when it was privatized 20 years ago and in the fees it has charged competitors to complete calls on its network since then, analysts say.
Europe's largest airline, British Airways, reported its worst annual results since it was privatized in 1987, losing $244 millionn, or $361 million, last year.
It was privatized in March 1545, was transferred to private owners in 1553, and was purchased by civil servant Sir Thomas Pope on February 20 , 1555 February 1554 under the existing calendar) to found Trinity College barely two weeks later.
British Airways posted its worst set of half-year results since it was privatized in 1987.
Like much of Russian industry, it was privatized haphazardly.
It retained ownership of the network when it was privatized in 1984.
British Telecom retained ownership of the network when it was privatized in 1984.
The Net has been open since it was privatized by the Clinton administration.
Although it was privatized in the early 2000s, Mauritel maintains a monopoly on fixed-line telephone services.
