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multi-utility

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Definition of multi-utility in English:

noun

A privatized utility which has extended or combined its business to offer its customers additional services (especially those of another privatized utility).
Example sentences
  • This type of company is called a multi-utility in Europe and is quite popular there.
  • For example, consumers are increasingly able to choose between energy suppliers, with the emergence of multi-utilities (gas and electricity companies) offering to provide both gas and electricity.
  • The company has now completed the U-turn in its strategy which has seen it rowing back from its grand plans to become a multinational multi-utility.

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Word of the day orthoepy
Pronunciation: ôrˈTHōəpē
noun
the correct or accepted pronunciation of words