BT strikes deal to rescue broadband firm TalkTalk; euro slides amid France debt burden fears – business live

TalkTalk’s wholesale and consumer arms will be sold to BT on a debt-free basis and save 900 jobs The UK’s culture Lisa Nandy stepped in to intervene in BT Group ’s acquisition of TalkTalk , citing risks to public ⁠services and ​vulnerable customers ‌if the ‌broadband provider’s ‌

TalkTalk’s wholesale and consumer arms will be sold to BT on a debt-free basis and save 900 jobs The UK’s culture Lisa Nandy stepped in to intervene in BT Group ’s acquisition of TalkTalk , citing risks to public ⁠services and ​vulnerable customers ‌if the ‌broadband provider’s ‌services were disrupted. She said the government was concerned because a long sale process had not led to an agreement with a number of potential buyers. Phone and broadband services are vital national infrastructure.

If TalkTalk services fail, there is a genuine risk to life and public services – including to hospitals, schools and emergency care. These are unprecedented circumstances that require action now. That is why I am acting with urgency to ensure that impacts on public health, critical national infrastructure and supply to vulnerable customers are fully considered as part of this process.

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