Telecom Plus
 | |
| Company type | Public |
|---|---|
| LSE: TEP | |
| ISIN | GB0008794710  |
| Industry | Public utility |
| Founded | 1996 |
| Headquarters | London, England, UK |
Key people | Charles Wigoder (Executive Chairman) Andrew Lindsay (CEO) |
| Products | Landline telephony, mobile telephony, broadband, gas, electricity. |
| Revenue | £792.9 million (2018)[1] |
| £41.9 million (2018)[1] | |
| £30.5 million (2018)[1] | |
| Website | Utility 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
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
- ^ a b c "Annual Results 2018" (PDF). Telecom Plus. Retrieved 20 March 2019.
- ^ "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. 2017-02-10. Retrieved 2018-03-01.
- ^ Macalister, Terry; Jennifer Rankin (20 November 2013). "RWE npower supply sale raises fears over UK withdrawal". The Guardian. Retrieved 6 October 2014.
- ^ "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
Categories:
- Companies in the FTSE 250 Index
- Telecommunications companies of the United Kingdom
- Companies based in the London Borough of Barnet
- 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