Telecom Plus (LSE:TEP) has made significant progress toward its medium-term objective of reaching 2 million customers, following the acquisition of 120,000 new customers from TalkTalk. This move builds on a previous purchase of 95,000 customers and is expected to boost the company’s total customer base by approximately 25%. While short-term integration costs are anticipated, Telecom Plus is confident in its ability to enhance customer value through cross-selling a broad range of additional services. The acquisition aligns with the company’s financial targets for FY26.
The company’s outlook is characterized by strong technical momentum and favorable corporate developments. Financial performance remains moderate, with stable margins and a fair valuation, though challenges around cash flow and revenue trends persist. Nevertheless, Telecom Plus continues to appeal to income investors, offering a robust dividend yield.
About Telecom Plus
Operating under the Utility Warehouse (UW) brand, Telecom Plus is the UK’s leading provider of bundled household services, offering customers a subscription-based model that includes energy, broadband, mobile, and insurance—all on a single monthly bill. The company uses a network of local UW Partners for customer acquisition and prides itself on delivering value and high service standards. Telecom Plus is listed on the London Stock Exchange.
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