TalkTalk today sealed a £1.1bn takeover by its second-largest shareholder Toscafund and a private-equity investor.
The telecoms giant will be taken private as part of the deal.
Sir Charles Dunstone, said: “Being a private company would allow us to accelerate adoption and focus on our role as the affordable provider of fibre for businesses and consumers nationwide.
“The telecoms industry is going through a fundamental reset and we are keen to play our part in it.”
Ian West, senior non-executive director at TalkTalk, said: “The Independent TalkTalk directors have taken into account the risks associated in achieving TalkTalk’s strategic ambitions and the wide support that ToscaFund would provide
in this regard.”