TalkTalk races to sell consumer and broadband arms as administration looms

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TalkTalk is urgently pursuing the sale of its consumer and broadband divisions as potential administration looms, aiming to preserve around 900 jobs while engaging with Opus Broadband and Octopus investment groups.

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...