LONDON (Alliance News) – Standard Life Aberdeen PLC has raised its stake in Telecom Plus PLC to 10.02% from 8.62% following a transaction last Friday.
Standard Life Aberdeen holds its stake through 7.8 million Telecom Plus shares.
Telecom Plus shares were up 1.5% on Tuesday at 1,262.00 pence, valuing Standard Life Aberdeen’s stake at GBP99.7 million.
On the day of the transaction, communications regulator Ofcom said broadband and landline customers in the UK are to get money back from their providers when things go wrong without having to claim it, sending fixed-line telecommunications firms lower.
By Joshua Warner; firstname.lastname@example.org; @JoshAlliance
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