Members of The Phone Co-op, the UK’s only telecoms co-operative, have voted overwhelmingly in favour of their Board’s recommendation for a transfer of engagements to The Midcounties Co-operative.
91% of members attending The Phone Co-op’s Special General Meeting in Sheffield on 28 April voted for a merger with Midcounties. 223 votes were cast by delegates attending in person and online, with 202 voting in favour of the motion and 17 against.
The transfer of engagements was confirmed at a second Special General Meeting in Droitwich on 12 May, where it was passed by 75 votes out of 76. The transfer is due to take place on 1 June.
Jane Watts, chair of The Phone Co-op said: “I am delighted that The Phone Co-op’s members have voted to join Midcounties Co-operative. This move will make sure that we have a co-operative provider of telecoms, as it becomes ever more central to our lives, and extends the offer we can make to our members.
“Our co-operative and ethical values will continue to be central to the service and our staff will contribute their expertise and shared values as we move forward.”
Ben Reid, CEO of Midcounties Co-operative, welcomed the result of the vote which he described as, “…an opportunity to bring together two strong businesses [The Phone Co-op and Co-op Energy, part of Midcounties Co-operative] to create a co-operative utility provider.”
In a separate motion, members attending the Sheffield AGM of The Phone Co-op voted by a simple majority to approve The Phone Co-op’s Strategy for 2018-2022. 136 members voted for the motion, with 50 voting against and 37 abstaining.
The second Special General Meeting was held at Chateau Impney Hotel and Exhibition Centre in Droitwich, Worcestershire. The meeting followed the Midcounties Co-operative AGM which was being held at the same venue earlier in the day.