Drooid Logo
Back to today’s briefing

Story perspectives

BT buys TalkTalk broadband businesses for about £400 million

By Drooid · · How we work

12 1 Full Breakdown

1 of 1

Story summary
  • BT Group agreed to buy TalkTalk’s consumer and wholesale businesses out of administration for about £400 million.
  • The deal adds roughly 1.5 million retail broadband customers and 1 million wholesale customers to BT.
  • Culture minister Lisa Nandy issued a Public Interest Intervention Notice to accelerate the CMA’s competition review.
  • BT expects a £400 million cash hit this year and will keep 900 TalkTalk jobs.