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BT to buy broadband supplier TalkTalk, saving 900 jobs

Photo: The Guardian World

What happened

UK’s fourth-biggest broadband provider has been seeking a buyer for several years Business live – latest updates BT has agreed to buy the broadband supplier TalkTalk out of administration in a rescue deal that will save 900 jobs. The company said it had struck a deal to acquire TalkTalk and its wholesale business PlatformX Communications (PXC) on a debt-free basis, in a move that is expected to cost it £400m. Contin…

Summary assembled by rule from the sources below

Sources