BT has put the business up for sale as part of a disposal programme of peripheral interests.
Telecom Security already serves more than 40,000 homes and commercial premises. While it is a substantial business, in which BT has invested heavily over the past five years, it is thought to still be loss- making and is unlikely to attract a price of more than pounds 1m.
The AA claims to be the largest single insurance intermediary in Europe, with a fast- growing business in home and motor insurance. With insurers increasingly demanding home security against burglars as a condition for cover, the AA believes it is a natural business for expansion. Some insurers offer up to 10 per cent off premiums for households with a Telecom Security system.Reuse content