Telecom Plus increases dividend again as growth stabilises

Discount utilities provider Telecom Plus (TEP) is trying to prove that it can keep growing now the madness of last years’ gas prices has receded.

Before the pandemic Telecom Plus was a single-digit growth business, but when prices spiked customer growth accelerated as desperate consumers looked for cheaper deals. As Telecom Plus bundles broadband, insurance and energy together, it can offer them cheaper than competitors.