HC Deb 14 June 1982 vol 25 c195W
8. Mr. Montgomery

asked the Secretary of State for Industry what has been the total capital investment by British Telecom in communications equipment.

Mr. Butcher

British Telecom valued its fixed assets in communications equipment at £7,000 million on 31 March 1981 and it invested nearly £1,500 million in such equipment in the immediately preceding year. The BT accounts for 1981–82 are likely to show that a further substantial sum was invested in that year.

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