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Companies wtihin the JT Group

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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY G.C.L. BAUDAINS OF ST. CLEMENT

ANSWER TO BE TABLED ON MONDAY 14th JULY 2014

Question

Would the Minister, as the shareholder representative, list the companies owned by or that are part of the JT group and would he also state their purpose and the return they provide to the parent company?

Answer

The results of JT Group Limited (which are consolidated to include all companies forming part of the group) for the year ended 31 December 2013 were presented to States Members by the management team of  JT  on  Monday  30  June  2014.  The  presentation  and  the  financial  statements  were  subsequently circulated via email to all Members by the CEO of JT Group on Tuesday 1 July 2014. The presentation provided overall consolidated results and further details on the split of revenues in Jersey and elsewhere. JT advises that the returns of individual companies within the group are included in the consolidated published accounts for JT Group Limited to the extent that they can be disclosed. Each company is subject to regular performance review as part of normal business operations.

The companies owned by JT, or which are part of the JT group, are as follows:

 

Name

Purpose

Wholly or  part- owned

JT (Jersey) Limited

Licensed telecom operator in Jersey

Wholly

JT (Guernsey) Limited

Licensed telecom operator in Guernsey

Wholly

Gigabit Field Force

Provides the personnel that rollout the gigabit fibre network

Wholly

Jersey Telecom (UK) Limited

Holding company of Ekit

Wholly

Ekit.com, Inc

Ekit  US  operating  company http://www.ekit.com/ekit/CompanyDetails/  

Wholly

Ekit.com Pty Limited

Ekit Australian operating company

Wholly

Ekit.com UK Limited

Ekit UK operating company

Wholly

Corporate Communications (Holdings) Limited

Holding company of Worldstone http://www.worldstone.com/  

Wholly

Worldstone Group Limited

Worldstone UK operating company

Wholly

Corporate Communications (Europe) Limited

Worldstone European operating company

Wholly

Worldstone, Inc

Worldstone US operating company

Wholly

JTG Limited

Non-operational

Wholly

Donate Mobile Limited

Non-operational

Part

Cerillion Technologies Limited

Provides converged telecom solutions

Part

iVisum

Operates PayOffShore

Part

For the avoidance of any doubt, JT employees that occupy a position on the boards of any of the above companies receive no remuneration for doing so.