Telecom Plus
.svg){kind=logo} | |
| Company 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 |  £967.4 million (2022)[1] |
| £50.9 million (2022)[1] | |
| £35.0 million (2022)[1] | |
Number of employees | 1,800 (2022)[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
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
The company has two subsidiaries:
- Utility Warehouse operates a landline telephony service, mobile telephony (as an MVNO on the EE network), and supplies broadband, gas and electricity.[5] It also offers home insurance and a pre-paid VISA card (a "cashback" card).[6]
- Telecommunications Management Limited provides a landline telephony service to small and medium-sized enterprise (SME) customers,[7] as well as operating the 1pMobile consumer MVNO.[8]
The company uses a multi-level marketing model to recruit customers and distributors.[9]
References
- ^ a b c d "Annual Report 2022". Telecom Plus. Retrieved 21 June 2022.
- ^ "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.
- ^ "Explore our services". Utility Warehouse. Retrieved 4 October 2022.
- ^ "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.
External links
- Companies in the FTSE 250 Index
- Telecommunications companies of the United Kingdom
- Companies based in the London Borough of Barnet
- Telecommunications companies established in 1996
- Electric power companies of the United Kingdom
- Utilities of the United Kingdom
- Multi-level marketing companies
- Companies listed on the London Stock Exchange