Shell are due to push further into telecommunications when they sign a deal with the Post Office.
Shell are near to signing Post Office broadband deal: The deal will see them purchase the Post Office’s broadband operations. The deal, which is near to completion, will cost Shell less than £100 million. Reports say that it could only cost them £80 million and could be finalised this week. Sky and TalkTalk were also in talks with the Post Office regarding a deal.
Shell seem to be building the telecommunications arm of the company after purchasing First Utility in 2018. With this deal its strategy appears to be moving further away from more traditional energy markets, as attention on oil majors turns to achieving net-zero emissions by 2050. After seizing control of First Utility is rebranded the name as Shell Energy Retail. Last week Shell also bought the UK’s biggest electric vehicle charging network, Ubitricity.
Both Shell and the Post Office were contacted for comment. Shell had not replied at the time of publication and the Post Office said it would not be commenting on speculation.
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