BT has secured a deal to acquire TalkTalk and its wholesale arm, PlatformX Communications, in a rescue transaction that will prevent the broadband supplier from administration. The move, expected to cost BT around £400 million, will preserve nearly 900 jobs amid TalkTalk’s financial struggles. The acquisition comes after years of the company seeking a buyer, with BT now stepping in to take over its operations on a debt-free basis. Industry observers will watch closely as the deal reshapes competition in the UK’s broadband market.
UK’s fourth-biggest broadband provider has been seeking a buyer for several yearsBusiness live – latest updatesBT has agreed to buy the broadband supplier TalkTalk out of administration in a rescue deal that will save 900 jobs.The company said it had struck a deal to acquire TalkTalk and its wholesale business PlatformX Communications (PXC) on a debt-free basis, in a move that is expected to cost it £400m. Continue reading...
