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 London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...

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. In 2017 the company sold its 20% stake in

Opus Energy Opus Energy Limited supplies gas and electricity to businesses across the United Kingdom. It purchases electricity from wind, solar, hydro, and anaerobic digestion generators, and provides support to develop energy-generating sites. It is headquar ...

Drax Group Drax Group PLC is a power generation business. The principal downstream enterprises are based in the UK and include Drax Power Limited, which runs a biomass and coal fueled power station, Drax power station, near Selby in North Yorkshire. The G ...

. In October 2022, the company had over 800,000 customers.

Operations

The company has two subsidiaries: *

Utility Warehouse Utility Warehouse is a multiservice provider based in London, England that uses multi-level marketing to obtain customers through independent distributors. It is a brand name of its parent company, Telecom Plus. It currently handles over 814,00 ...

operates a

landline A landline (land line, land-line, main line, home phone, fixed-line, and wireline) is a telephone connection that uses metal wires or optical fiber telephone line for transmission, as distinguished from a mobile cellular network, which uses ...

telephony service, mobile telephony (as an

MVNO A mobile virtual network operator (MVNO) is a wireless communications services provider that does not own the wireless network infrastructure over which it provides services to its customers. An MVNO enters into a business agreement with a mobile ...

on the EE network), and supplies broadband, gas and electricity. It also offers home insurance and a pre-paid VISA card (a "cashback" card). * Telecommunications Management Limited provides a landline telephony service to small and medium-sized enterprise (SME) customers, as well as operating the 1pMobile consumer MVNO. The company uses a

multi-level marketing Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling th ...

model to recruit customers and distributors.

References

External links

* {{Authority control 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