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Home > Company Index > Utilities > Gas Utilities > Lattice Group plc

Lattice Group plc
 NEWS FROM THE STANDARD
BT Signs $3.2 Billion Property Deal, Names Wireless Chairman
Jun 13 2001 10:00 AM PDT

 PROFILE
Spun off from BG Group in 2000, Lattice Group operates the natural gas distribution system that belonged to former monopoly British Gas. Lattice's primary business unit, Transco, is a regulated utility that manages the national gas pipeline grid and liquefied natural gas storage facilities in the UK. The 275,000-km (170,500-mi.) grid of gas mains serves 60 gas suppliers and, indirectly, 20 million consumers. Lattice Group also has inherited BG Group's telecom holdings, which include a joint venture with US-based SpectraSite to install a network of communications towers in Europe. Subsidiary 186k will lay a fiber-optic network along Transco's gas lines. The group also provides energy services.

 COMPETITION
British Telecommunications plc (BTY)
Crown Castle International Corp. (CCI)
The National Grid Group plc (NGG)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4,608.00
1-Yr. Sales Growth: (8.9)%
Employees: 15,579
Revenue per employee: $295,782.78

 KEY PEOPLE
• Philip Nolan
    CEO
• Steve Lucas
    CFO

 CONTACT INFO
130 Jermyn St.
London SW1Y 4UR, United Kingdom
Phone: 44-20-7389-3200
Fax: 44-20-7389-3214
Online: Web Site

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