BT Reaches Agreement to Rescue Rival TalkTalk BT, the UK's biggest broadband provider, has agreed to buy rival operator TalkTalk in a deal intended to save the company f...
BT, the UK's biggest broadband provider, has agreed to buy rival operator TalkTalk in a deal intended to save the company from collapse.
The agreement would bring TalkTalk under BT ownership and represents a proposed intervention in the financial difficulties facing the broadband operator. The source does not provide details of the transaction's value, timetable or conditions.
The deal links the UK's largest broadband provider with a rival operator whose future had been placed at risk. For TalkTalk, the proposed purchase is described as a rescue from collapse. For BT, the agreement would involve acquiring an established competitor in the UK broadband market.
Further information about the transaction and its expected effect on customers, employees or the wider broadband industry was not provided.
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