Telecom Plus Regulatory News (TEP)

12 Jul 2006 11:08

Telecom Plus PLC12 July 2006 Telecom plus PLC (the "Company") Trading Update and AGM Statement At the AGM held today at 11.00am Telecom plus PLC ("the Company"), the UK'sleading integrated multi-utility provider (gas, electricity, telephony,internet), informed shareholders that so far this financial year the Company hastraded satisfactorily and profits have exceeded budget. Local Loop Unbundling ("LLU"), the process by which third parties install theirown equipment in BT local exchanges, has continued to gather pace over recentmonths. The Company has now reached agreement for the purchase of LLU capacityon wholesale commercial terms, which the directors believe will enable it toachieve a satisfactory margin on its new range of broadband and telephonypackages due to be introduced later this year. For further information, please contact: Telecom plus plc Charles WigoderStephen DavisTel: (020) 8955 5000 12 July 2006 END This information is provided by RNS The company news service from the London Stock Exchange