Tweet
The energy firm Npower is selling 770,000 of its electricity and gas customer accounts to Telecom Plus.
Telecom Plus, which uses the Utility Warehouse brand name, will see client numbers more than double to 1.2 million. Customers with Energy Plus and Gas Plus accounts are being told they will see no change in services. Npower, which will gain £218m from the sale, will still have 4.6 million customer accounts.The sale is subject to approval by Telecom Plus shareholders and the Office of Fair Trading. Npower said it expected to complete the sale by January next year.
'Big seven
'Shares in Telecom Plus were up 14% as markets opened in London on Wednesday, making it one of the top percentage gainers on the London Stock Exchange.....Read more here
- Hi & Welcome to the AAD Consumer Forum
We're a FREE consumer debt and legal forum offering help, support and debate in many areas of day-to-day life. You will need to Register a Free Account before you can join in with the discussion and contribute with your own posts. Remember to also check out the FAQ's so you can get to grips with how the forum works ready to start posting your new topics. Read about the new GDPR 2018 Rules and how it affects you as a member of AAD.