BT agrees rescue deal to buy broadband operator TalkTalk
BT has agreed to acquire rival broadband operator TalkTalk in a rescue deal to prevent the latter from entering administration. The acquisition is subject to regulatory approval in the UK.
Why it matters
This consolidation significantly impacts the UK telecommunications market and the service stability for millions of broadband customers.
Published 7 minutes ago The UK's biggest broadband provider, BT, has agreed to rescue rival operator TalkTalk in a takeover.
The deal, which will need to be approved by the UK's competition regulator, would mark end of months of speculation over the future for TalkTalk, which has been on the brink of administration because of its debts.
TalkTalk has 1.5 million retail customers and one million wholesale customers across the UK.
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