TECH NEWS

BT signs rescue deal to save TalkTalk — but the UK Government still wants to have its say on 'genuinely…

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  • BT agrees rescue deal to buy broadband operator TalkTalk
  • However DCMS has already stepped in over competition concerns
  • TalkTalk has 1.5 million retail customers and one million wholesale customers across the UK

BT has signed a rescue deal to save TalkTalk in a move which could have major ramifications across the UK market.

TalkTalk, which is the UK’s fourth-largest broadband company with 1.5 million retail customers and a million wholesale customers across the country, had been on the edge of potential administration due to rising debts.

However the UK government may still have its say on the deal, which covers both TalkTalk and its wholesale arm PlatformX Communications (PXC), and it will need to be approved by the Competition Markets Authority (CMA) due to the range of control it would give BT over the UK broadband market.

BT-TalkTalk deal

“This is a genuinely unprecedented situation, where millions of citizens and...

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