Telecom Plus

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Telecom Plus PLC
Public
Traded asLSETEP
IndustryPublic utility
Founded1996; 23 years ago (1996)
HeadquartersLondon, England, UK
Key people
Charles Wigoder (Executive Chairman)
Andrew Lindsay (CEO)
ProductsLandline telephony, mobile telephony, broadband, gas, electricity.
Revenue£792.9 million (2018)[1]
£41.9 million (2018)[1]
£30.5 million (2018)[1]
WebsiteUtility Warehouse

Telecom Plus PLC is a multi-utility supplier based in the United Kingdom. It supplies gas, electricity, landline, broadband and mobile services to residences and businesses. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The Company was founded in 1996 as a telecommunications business. Its first product, launched in 1997, was a least cost call routing 'Smart Box', a gadget that plugs into a phone socket and then routes the calls to alternative networks at a cheaper rate than British Telecom.[2]

In 2017 the company sold its 20% stake in Opus Energy to Drax Group.[3]

Operations[edit]

The company has two activities:

  • Utility Warehouse operates a full landline telephony service, mobile telephony (as an MVNO on the EE network), broadband, gas and electricity (the company is licensed by OFGEM) and a pre-paid VISA card (a CashBack card).[4]
  • Telecommunications Management Limited operates a full landline telephony service to small and medium-sized enterprise (SME) customers,[5] as well as operating the 1pMobile consumer MVNO.[6]

The company uses a multi-level marketing model to recruit customers and distributors.[7]

References[edit]

  1. ^ a b c "Annual Results 2018" (PDF). Telecom Plus. Retrieved 20 March 2019.
  2. ^ "Sunday Times - Rich List". timesonline.co.uk. Archived from the original on 22 May 2011. Retrieved 3 April 2015.
  3. ^ "Telecom Plus sells stake in energy business to Drax Group for £71m - Agile Energy Recovery Ltd". Agileenergy.net. 2017-02-10. Retrieved 2018-03-01.
  4. ^ Ritchie, Stuart. "Utility Warehouse Franchise: How It Works". The Stuart Ritchie.
  5. ^ "TML - About us". Retrieved 14 April 2016.
  6. ^ "1p mobile". Retrieved 1 March 2018.
  7. ^ Jones, Rupert (4 December 2009). "Utility Warehouse under the spotlight". The Guardian. Retrieved 30 June 2016.

External links[edit]