BT acquires TalkTalk to ensure service continuity
The £400m deal prevents operational collapse, protecting 2.5 million customers and critical infrastructure while awaiting regulatory approval.
See the latest news and media coverage for BT. We track all announcements, press releases, and industry mentions in real time, all in one place.
UK telecommunications and media provider
bt.comLast updated
In short: BT agreed to acquire TalkTalk for £400m to protect service continuity for 2.5 million customers, pending approval.
The £400m deal prevents operational collapse, protecting 2.5 million customers and critical infrastructure while awaiting regulatory approval.
The company is investing in network upgrades and leveraging its brands to attract more customers.
Revenue was flat at £4.3bn, adjusted EBITDA down 1%, with record fibre connections and a proposed Verizon joint venture.
The 50:50 joint venture will serve over 3,000 customers across 180+ countries, with $4 billion revenue.
UK telecoms giant Virgin Media O2 abandons infrastructure upgrade plans in favor of leasing BT's network to reduce debt and costs.
BT said it has agreed a deal to buy TalkTalk and its wholesale business PlatformX Communications out of administration to rescue the telecoms group from...
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers...
Deal will result in estimated £400mn cash hit for UK's broadband leader and wipe out debts of smaller competitor...
Track BT and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Browse news for competitors to BT and other trending companies.