Telecom Plus not considering upping Opus Energy stake

Low-cost multi-utility supplier Telecom Plus said on Thursday that it was not currently considering upping its stake in Opus Energy Group.

The statement was in response to recent media speculation regarding the possible sale of Opus Group, in which Telecom Plus holds a 20% stake.

“The company understands that the board of Opus is currently assessing strategic options for the future of the business, which could include a sale. The company is not currently considering increasing its stake in Opus.”

Telecom Plus said it was too soon to confirm whether any such transaction will be concluded, but in the event that it is, a further announcement will be made.