Telecom Plus PLC Improved Broadband Wholesale Supply Agreement (2584E)
27 Octubre 2022 - 01:00AM
UK Regulatory
TIDMTEP
RNS Number : 2584E
Telecom Plus PLC
27 October 2022
27 October 2022
Telecom Plus PLC
Improved Broadband Wholesale Supply Agreement
"UW's substantial growth opportunity underpinned by new,
long-term agreement with TalkTalk"
Telecom Plus PLC (trading as UW or Utility Warehouse), the UK's
leading supplier of a wide range of utility services focussed on
domestic customers, today announces that it has entered into an
improved and extended wholesale supply agreement with TalkTalk
Communications Limited.
The new agreement runs for a five year minimum term, providing
UW with significantly improved terms. These will ensure UW can
maintain a competitive and increasingly profitable broadband
proposition over the medium/long term as the shift to full fibre
accelerates, further underpinning the strong trend in organic
multi-service customer growth currently being achieved.
In addition, UW will benefit from TalkTalk's growing network of
alt-net fibre relationships, including City Fibre, Community Fibre
and Freedom Fibre, giving UW customers access to the widest range
of full fibre connectivity in the market.
Andrew Lindsay & Stuart Burnett, Co-CEOs, said:
" With record numbers of new households turning to UW to save on
their bills, our multi-service offering has never been more in
demand. This new, long-term agreement with TalkTalk underpins the
substantial growth opportunity in front of us, enabling us to offer
market-leading fibre broadband pricing and service quality,
alongside the UK's cheapest energy and highly competitive mobile
and insurance offerings.
"At a time when cost of living pressures continue to rise, and
other major broadband providers have been imposing substantial
automatic inflation-linked price rises on their customers, we are
proud to have not only maintained our existing competitive fibre
broadband prices throughout 2022, but will also be freezing them
throughout the Winter."
For more information, please contact:
Telecom Plus PLC
Andrew Lindsay, Co-CEO
Stuart Burnett, Co-CEO
Nick Schoenfeld, CFO 020 8955 5000
Peel Hunt
Dan Webster / Andrew Clark 020 7418 8900
Numis Securities
Mark Lander / Joshua Hughes 020 7260 1000
MHP Communications
Reg Hoare / Catherine Chapman 020 3128 8339
About Telecom Plus PLC ("Telecom Plus"):
Telecom Plus, which owns and operates the Utility Warehouse
brand, is the UK's only fully integrated provider of a wide range
of competitively priced utility services spanning the
Communications, Energy and Insurance markets.
Customers benefit from the convenience of a single monthly
statement, consistently good value across all their utilities and
exceptional levels of service. Telecom Plus does not advertise,
relying instead on 'word of mouth' recommendation by existing
satisfied customers and Partners in order to grow its market
share.
Telecom Plus is listed on the London Stock Exchange (Ticker: TEP
LN). For further information please visit www.telecomplus.co.uk
LEI code: 549300QGHDX5UKE58G86
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END
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