Improved Broadband Wholesale Supply Agreement

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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