Telecom Plus
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| Type | Public |
|---|---|
| ISIN | GB0008794710  |
| Industry | Public utility |
| Founded | 1996 |
| Headquarters | London, England, UK |
Key people | Charles Wigoder (Executive Chairman) Andrew Lindsay (Co-CEO) Stuart Burnett (Co-CEO) |
| Products | Landline telephony, mobile telephony, broadband, gas, electricity. |
| Revenue |  £2,475.2 million (2023)[1] |
| £85.9 million (2023)[1] | |
| £68.2 million (2023)[1] | |
Number of employees | 2,352 (2023)[1] |
| Subsidiaries |
|
| Website | telecomplus |
Telecom Plus plc is a British multi-utility supplier of gas, electricity, home insurance, and 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 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]
In October 2022, the company had over 800,000 customers.[4]
Operations[edit]
The company has two subsidiaries:
- Utility Warehouse (branded as UW) operates a landline telephony service, mobile telephony (as an MVNO on the EE network), supplies broadband, gas and electricity[5] and offers home insurance.[6] UW also offers a pre-paid debit card which pays a "cashback" percentage on purchases (given as a credit against the monthly bill for other UW services) in return for a monthly fee.[7] The cards are operated by Mastercard and issued by PSI-Pay Ltd,[7] a privately-held company.[8]
- Telecommunications Management Limited provides a landline telephony service to small and medium-sized enterprise (SME) customers,[9] as well as operating the 1pMobile consumer MVNO.[10]
The company uses a multi-level marketing model to recruit customers and distributors.[11]
References[edit]
- ^ a b c d "Annual Results 2023". Telecom Plus. Retrieved 27 June 2023.
- ^ "Sunday Times - Rich List". timesonline.co.uk. Archived from the original on 22 May 2011. Retrieved 3 April 2015.
- ^ "Telecom Plus sells stake in energy business to Drax Group for £71m - Agile Energy Recovery Ltd". Agileenergy.net. 10 February 2017. Retrieved 1 March 2018.
- ^ Gosden, Emily (4 October 2022). "Telecom Plus sparks into life as new customers flock to its bundled deals". The Times. ISSN 0140-0460. Retrieved 4 October 2022.
- ^ Macalister, Terry; Jennifer Rankin (20 November 2013). "RWE npower supply sale raises fears over UK withdrawal". The Guardian. Retrieved 6 October 2014.
- ^ "Insurance from UW". uw.co.uk. Retrieved 10 April 2023.
- ^ a b "UW Cashback Card". uw.co.uk. Retrieved 10 April 2023.
- ^ "PSI-Pay Ltd". Companies House. Retrieved 10 April 2023.
- ^ "TML - About us". Retrieved 14 April 2016.
- ^ "1p mobile". Retrieved 1 March 2018.
- ^ Jones, Rupert (4 December 2009). "Utility Warehouse under the spotlight". The Guardian. Retrieved 30 June 2016.
