Deal History
Acquirer: BT
BT has agreed to acquire debt-laden Talktalk and its wholesale arm PlatformX Communications out of administration for approximately £400 million, securing connectivity for 2.5 million retail and wholesale users.Summary of transaction details:Value: £400 millionSector: Logistics & TransportAdvisor: Not disclosedKey Entities: BT, Talktalk, PlatformX CommunicationsLocation: United KingdomNote: The transaction is positioned as a rescue deal to maintain continuity of service for vulnerable customers, though it faces significant regulatory scrutiny and antitrust concerns from rivals over market dominance.
Acquirer: VodafoneThree
VodafoneThree has submitted a bid to acquire TalkTalk's consumer broadband business, which could hand the company control of around 1.75 million broadband customers. Summary of transaction details: Value: £250m Sector: Telecoms Advisor: Not disclosed Key Entities: VodafoneThree, TalkTalk Location: UK Note: The potential acquisition is part of VodafoneThree's strategy to expand its fixed-line footprint and grow its broadband customer base, and would provide a significant boost to the company's push into the home internet market.
Investor: Ares Management
Acquirer: BT
BT has acquired debt-laden broadband provider TalkTalk and its wholesale arm PlatformX Communications out of administration in a pre-pack deal.Summary of transaction details:Value: £240mSector: Logistics & TransportAdvisor: Not disclosedKey Entities: BT, TalkTalk, PlatformX CommunicationsLocation: United KingdomNote: The transaction rescues vital public services and millions of broadband connections from collapse, though it faces regulatory scrutiny over potential competition concerns in the UK fixed-broadband market.
Acquirer: BT
BT has agreed to acquire embattled telecommunications firm Talktalk and its wholesale arm PlatformX Communications out of administration on a debt-free basis for an undisclosed sum.Summary of transaction details:Value: Undisclosed sumSector: Telecommunications & BroadbandAdvisor: None mentionedKey Entities: BT, Talktalk, PlatformX CommunicationsLocation: United KingdomNote: The acquisition was executed as an unprecedented rescue measure to safeguard vital national infrastructure and maintain connectivity for 1.5 million retail customers and 1 million wholesale users following Talktalk's collapse into administration.
Investor: KKR
Funding Timeline
Financial History
Sign in to view financial history
Sign inDirectors & Officers
Sign in to view directors and officers
Sign inCompanies House
- Company Number
- 17131084
- Status
- Active
- Registered Address
- Soapworks, Ordsall Lane, Salford, M5 3TT, United Kingdom
- SIC Codes
- 61900
- Persons with Significant Control
- Talktalk Telecom Group Limitedownership of shares 75 to 100 percent, voting rights 75 to 100 percent, right to appoint and remove directors
Company News
Sign in to view company news
Company Website
Sign in to view