TELECOM PLUS (LON:TEP)

Telecom Plus is a UK-based utility services supplier. The company is involved in supply of gas, electricity, landline (calls and line rental), broadband, CashBack card services and mobile services to residences and businesses. These are supplied through a large and well-connected network of independent distributors. The company supplies to over 650,000 customers in UK. Marketing materials and equipment are also sold by the company, which include mobile phone handsets and wireless Internet routers too. It was founded in the year 1996 and has it’s headquarter situated in London. It is listed on the London Stock Exchange publicly. It also forms a part of the FTSE 250 index. Telecommunications Management Limited is a subsidiary of Telecom Plus. It is involved in the supply of fixed wire as well as services related to mobile telecommunication to businesses and customers, generally public sector. Electricity Plus Supply Limited and Gas Plus Supply Limited, hold the licenses for the supply of energy services, and are the other subsidiaries of the Telecom Plus.

The operations of the company also include Customer Acquisition and Customer Management. Materials as well as equipment, like mobile phone handsets and wireless Internet routers, are sold and marketed by the Customer Acquisition segment. On the other hand, the supply of fixed telephony, mobile telephony, gas, and electricity and Internet services to customers is handled by the Customer Management segment. CashBack cards are used by the members to earn cash back on payments after shopping.

The goal of the company is to achieve sustainable growth while simultaneously providing essential home services to customers. It is UK’s only fully integrated multi-service provider, and thus aims to provide differentiated products to its customers, saving their time and money by providing just one, simple bill for all their home services. The strategy for organic and sustainable growth of the business is achieved by increasing the variety of services offered, improving the capability to install smart meters for other retail suppliers, and shift to smart energy services by installation of EV chargers, solar panels, air source heat pumps, and in-home battery storage solutions. This is done with the help of their team of skilled engineers who are spread across their area of operation.

The company complies with the provisions of the UK Corporate Governance Code and follows a well-defined business code of conduct. It also follows all its social and environmental responsibilities and tries to run a sustainable business model while reducing its environmental footprint.