In Other News · United Kingdom

BT to buy broadband supplier TalkTalk, saving 900 jobs

Source: The Guardian UK

Summary

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...

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