Telecom Plus PLC, also known as Utility Warehouse or UW, released a trading update for the 2025 financial year. Following its recent acquisition of approximately 95,000 broadband and landline customers from TalkTalk, a British telecommunications company, the company announced that it is “pleased with the results” from initial trials to upgrade and cross-sell additional services to this customer segment. As a result, the company announced it has acquired an additional 120,000 customers from TalkTalk to increase scope and scale of the cross-sell opportunity.
The company reiterated its previously announced FY26 financial guidance and expects total customer numbers to increase by around 25%.
“The business is continuing to perform well in a competitive market and we are making good progress towards our medium-term target of 2 million customers and beyond,” said Charles Wigoder, UW Chairman.
