Business · 1 hour ago
BT agrees deal to rescue struggling broadband provider TalkTalk
BT has agreed to acquire TalkTalk and its wholesale arm PlatformX Communications after the broadband provider entered administration. The deal is expected to protect services for 2.5 million customers and transfer around 900 employees to BT. The telecoms giant expects the rescue to have a roughly £400 million cash impact, while the acquisition will face regulatory scrutiny in the coming weeks.
Reported by Sky News · How we write briefs