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BT’s purchase of TalkTalk is cosy – but probably politically sensible | Nils Pratley

BT’s purchase of TalkTalk is cosy – but probably politically sensible | Nils Pratley

For all the howls of a ‘stitch-up’, it’s hard to see what ministers were supposed to do, as the alternatives risked worse outcomes BT to buy broadband supplier TalkTalk in £400m rescue deal, saving 900 jobs “All the characteristics of a stitch-up masked as a rescue deal in the public interest,” thundered Virgin Media O2. It’s not an unreasonable view of BT’s hurried weekend acquisition of TalkTalk . Once upon a time, TalkTalk was seen as a plucky upstart performing the useful role of irritant to BT’s giant Openreach broadband operation. Now the challenger is being consumed by the dominant player via a pre-pack administration that minimises short-term political headaches. Here’s the problem, though, with the cosy stitch-up thesis. For all the howls of outrage, it’s hard to see what the culture secretary, Lisa Nandy, who gave her blessing by issuing a little-used public interest notice, was supposed to do differently. Alternative approaches, notably a chaotic collapse of TalkTalk without a rescue plan for the customers, risked worse outcomes. Continue reading...

Oct 5, 2026 · byThe Guardian
BT to buy broadband supplier TalkTalk, saving 900 jobs

BT to buy broadband supplier TalkTalk, saving 900 jobs

UK’s fourth-biggest broadband provider has been seeking a buyer for several years Business live – latest updates BT has agreed to buy broadband supplier TalkTalk out of administration in a rescue deal that saves 900 jobs. The company said it had struck a deal to acquire TalkTalk and its wholesale business PlatformX Communications on a debt-free basis, in a move that is expected to cost it £400m. Continue reading...

Oct 5, 2026 · byThe Guardian
BT strikes deal to rescue broadband firm TalkTalk; euro slides amid France debt burden fears – business live

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 Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. BT Group has struck a deal to buy TalkTalk out of administration, after reaching an agreement with its largest creditor. This is a genuinely unprecedented situation, where millions of citizens and businesses were at risk if TalkTalk had collapsed. BT is the digital backbone of the country, with a presence in every postcode. We have been connecting the nation for generations, stepping up in the moments that matter, and BT acquiring TalkTalk is now the only viable option to keep millions of customers connected and supported. Our immediate priority is to stabilise the business and provide a safety net for the households and businesses who rely on TalkTalk. Once the regulatory process has been concluded, TalkTalk’s customers will benefit from access to the UK’s best network, and the full range of market-leading products and services that BT offers. And, over a period of time, the transaction will create value for all our stakeholders – customers, colleagues, the country, and our owners. 9am BST: Eurozone Services and Composite PMIs final for September 9.30am BST: UK Services PMI final for September 3pm BST: US ISM Services PMI for September Continue reading...

Oct 5, 2026 · byThe Guardian
TalkTalk races to sell consumer and broadband arms as administration looms

TalkTalk races to sell consumer and broadband arms as administration looms

Customers and jobs ‘top priority’ as company closes in on deals with Opus Broadband and investment group Octopus Business live – latest updates TalkTalk is scrambling to secure its future amid the threat of administration, closing in on deals to sell its consumer and broadband arms as it seeks to save 900 jobs. The telecoms company said on Friday it is in the final stages of sealing deals to sell its consumer business as well as its wholesale operation, PXC. Continue reading...

Sep 25, 2026 · byThe Guardian