Telecom Plus

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.

Telecom Plus PLC
TypePublic
LSE: TEP
ISINGB0008794710 
IndustryPublic utility
Founded1996 (1996)
HeadquartersLondon, England, UK
Key people
Charles Wigoder (Executive Chairman)
Andrew Lindsay (CEO)
ProductsLandline telephony, mobile telephony, broadband, gas, electricity.
Revenue£804.4 million (2019)[1]
£44.3 million (2019)[1]
£32.8 million (2019)[1]
WebsiteUtility Warehouse
Previous logo

History

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

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
  1. "Annual Results 2019". Telecom Plus. Retrieved 5 March 2020.
  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. Macalister, Terry; Jennifer Rankin (20 November 2013). "RWE npower supply sale raises fears over UK withdrawal". The Guardian. Retrieved 6 October 2014.
  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.
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