BT to buy broadband supplier TalkTalk in £400m rescue deal, saving 900 jobs

Virgin Media O2 complains of ‘stitch-up’ over rival provider, which has 1.5m customers Nils Pratley: BT’s purchase of TalkTalk is cosy – but probably politically sensible BT has agreed to buy the broadband supplier TalkTalk out of administration in a £400m rescue deal that will s

Virgin Media O2 complains of ‘stitch-up’ over rival provider, which has 1.5m customers Nils Pratley: BT’s purchase of TalkTalk is cosy – but probably politically sensible BT has agreed to buy the broadband supplier TalkTalk out of administration in a £400m 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...