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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.