privatisation of British Telecom
E507443
The privatisation of British Telecom was a landmark 1984 policy in the UK that transformed the state-owned telecommunications provider into a publicly traded company, symbolizing the broader shift toward free-market reforms under Margaret Thatcher.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic reform
ⓘ
privatisation ⓘ public offering ⓘ |
| aimedAt |
increasing efficiency in telecommunications services
ⓘ
reducing public sector borrowing requirement ⓘ widening share ownership ⓘ |
| appliesTo |
BT
NERFINISHED
ⓘ
British Telecom NERFINISHED ⓘ |
| country | United Kingdom ⓘ |
| criticizedFor |
creating private monopoly power
ⓘ
selling public assets below perceived market value ⓘ |
| followedBy | full listing of BT on the London Stock Exchange ⓘ |
| government | Thatcher government NERFINISHED ⓘ |
| historicalSignificance |
landmark in global wave of privatisations in the 1980s
ⓘ
model for later UK utility privatisations ⓘ |
| ideologicalContext |
free-market reforms
ⓘ
neoliberal economic policy ⓘ |
| implementedBy | Conservative Party government NERFINISHED ⓘ |
| inspiredBy | belief in efficiency of private ownership ⓘ |
| ledToCreationOf | Oftel NERFINISHED ⓘ |
| legislatedBy | Telecommunications Act 1984 NERFINISHED ⓘ |
| location | London Stock Exchange NERFINISHED ⓘ |
| method | sale of shares to institutional investors and the general public ⓘ |
| notableFeature |
extensive advertising campaign encouraging small investors
ⓘ
large oversubscription of shares ⓘ one of the first major UK utility privatisations ⓘ |
| partOf | United Kingdom privatisation programme of the 1980s NERFINISHED ⓘ |
| politicalContext | Thatcherism NERFINISHED ⓘ |
| precededBy | state ownership of British Telecom ⓘ |
| primeMinister | Margaret Thatcher NERFINISHED ⓘ |
| regulator | Office of Telecommunications NERFINISHED ⓘ |
| regulatoryFramework | Telecommunications licensing and price-cap regulation ⓘ |
| relatedConcept |
deregulation of telecommunications
ⓘ
public ownership ⓘ share-owning democracy ⓘ |
| relatedEvent |
privatisation of British Airways
ⓘ
privatisation of British Gas ⓘ |
| resultedIn |
British Telecom becoming a publicly traded company
ⓘ
expansion of the UK equity market ⓘ increased competition in UK telecommunications over time ⓘ introduction of widespread share ownership in the UK ⓘ reduction of direct government control over British Telecom ⓘ transfer of ownership from the state to private shareholders ⓘ |
| sector | telecommunications ⓘ |
| startDate | 1984-11-19 ⓘ |
| symbolized |
beginning of large-scale UK privatisation programme
ⓘ
shift from state-led to market-led economic policy in the UK ⓘ |
| year | 1984 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.