The future at the Phone Co-op

I can’t get to Sheffield on April 28th for the Special General Meeting of the Phone Co-op, but I have today registered to participate (and vote) at the event online.  It’s commendable that the Phone Co-op makes this facility available (although I guess that you’d expect a telecoms business to be able to organise this, if anyone could).

The SGM is pretty significant. There’s a proposal on the table for the Phone Co-op to merge itself into Midcounties Co-operative, one of Britain’s regional independent coop societies. (The technical coop term is a ‘transfer of engagements’).

Midcounties has a deserved reputation both for its commitment to cooperation and member democracy and for running an effective business. As well as its retail stores in a large chunk of the south Midlands and Welsh borders, Midcounties also runs the Co-operative Energy subsidiary as well as a national network of childcare nurseries. It’s demonstrated, I think, that coops can be coops but also business-savvy when necessary.

I’ve written in the past of the importance of the Phone Co-op, Britain’s only significant independent consumer coop of the past twenty years. I’m afraid, though, that I am not convinced that the current Board’s quite risky business strategy for the coming years – if the Phone Co-op was to continue alone – will keep the business viable. I see that the Board is itself arguing for support of the Midcounties proposal.

So my view is that Midcounties will be a very good fit for the Phone Co-op. (In fact, you could go so far as to argue that Phone Co-op members are fortunate that Midcounties has been prepared to get involved.)  We’ll see what member democracy decides in less than two weeks.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.