Home Breaking News TalkTalk seals £1.1bn takeover deal

TalkTalk seals £1.1bn takeover deal

by LLB Editor
17th Dec 20 10:50 am

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.”

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