Telecom Plus PLC on Thursday said a new, long-term agreement with TalkTalk Communications Ltd represented a substantial growth opportunity for the company, and would help to protect customers against rising prices due to inflation.

The London-based domestic utility services supplier said the extended wholesale supply agreement, which will run for a five-year minimum term, is a significant improvement on previous terms.

Telecom Plus added that the agreement, the terms of which it did not specify, would help it to maintain a ‘competitive and increasingly profitable broadband proposition’ over the medium to long-term, as the shift to full fibre accelerates.

Telecom Plus, which trades as Utility Warehouse, looked forward to customers benefiting from TalkTalk’s growing network of alt-net fibre relationships, including City Fibre, Community Fibre and Freedom Fibre.

‘This new, long-term agreement with TalkTalk underpins the substantial growth opportunity in front of us,’ said Chief Executive Officers Andrew Lindsay and Stuart Burnett.

‘At a time when cost of living pressures continue to rise, and other major broadband providers have been imposing substantial automatic inflation-linked price rises on their customers, we are proud to have not only maintained our existing competitive fibre broadband prices throughout 2022, but will also be freezing them throughout the winter.’

Telecom shares were trading 1.0% lower at 2,045.00 pence each in London on Thursday morning.

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