economy Salford, United Kingdom
BT agrees to acquire TalkTalk out of administration
900employees
The sale will transfer 900 employees to BT.
BT agreed to acquire TalkTalk and its wholesale business, PlatformX Communications, in a debt-free rescue deal expected to cost £400m and transfer 900 employees. The deal is subject to regulatory review.
1 sourceThe GuardianUpdated
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BT agreed to acquire TalkTalk and PlatformX Communications out of administration on a debt-free basis.
“BT has agreed to buy the broadband supplier TalkTalk out of administration”
- 900employees
The sale will transfer 900 employees to BT.
“the sale would transfer all 900 employees”
- 400MGBP
AllegedBT said the deal is expected to cost £400m.
“a move that is expected to cost it £400m”