Cryptic crossword clue
Recipient of parcel from totally extravagant phone company 8

The most common and most likely answer to this crossword clue is the 8 letter word ALLOTTEE

I've seen this crossword clue in Financial Times
A
L
L
O
T
T
E
E

Buddy explains!

The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does ALLOTTEE mean?

ALLOTTEE noun
  1. The person to whom an allotment is allotted.

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