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British utility company From Wikipedia, the free encyclopedia
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 and is a constituent of the FTSE 250 Index.
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Company type | Public |
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ISIN | GB0008794710 ![]() |
Industry | Public utility |
Founded | 1996 |
Headquarters | London |
Key people | Charles Wigoder (Executive Chairman) Andrew Lindsay (Co-CEO) Stuart Burnett (Co-CEO) |
Products | Landline telephony, mobile telephony, broadband, gas, electricity. |
Revenue | ![]() |
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Number of employees | 2,352 (2023)[1] |
Subsidiaries |
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Website | telecomplus |
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.[2]
In 2017 the company sold its 20% stake in Opus Energy to Drax Group.[3]
In October 2023, the company had over 949,000 customers.[4]
Andrew Lindsay, a world-class rower who was a member of the gold medallist British team at the 2000 Olympics,[5] joined Telecom Plus in 2007. He was the chief operating officer in 2009[6] and was promoted to chief executive officer in July 2010.[7] Lindsay held the CEO role jointly with Stuart Burnett from 2021, and in 2023 the company announced that Lindsay would step down at the 2024 AGM.[8]
The company has two subsidiaries:
The company uses a multi-level marketing model to recruit customers and distributors.[15]
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