REG - Telecom Plus PLC - Improved Broadband Wholesale Supply Agreement

Telecom PlusAnnouncement

27/10/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221027:nRSa2584Ea&default-theme=true

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                020 8955 5000

 Andrew Lindsay, Co-CEO

 Stuart Burnett, Co-CEO

 Nick Schoenfeld, CFO
 Peel Hunt                       020 7418 8900

 Dan Webster / Andrew Clark

 Numis Securities                020 7260 1000

 Mark Lander / Joshua Hughes

 MHP Communications              020 3128 8339

 Reg Hoare / Catherine Chapman

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQUNVARURURUUA