BT has agreed a rescue deal to acquire broadband operator TalkTalk, in a proposed takeover that still requires approval from the regulator.
The agreement would see BT buy TalkTalk, a broadband operator with millions of customers. Details of the financial terms and the timetable for the transaction were not provided in the available information.
The deal is described as a rescue arrangement and would offer greater certainty to TalkTalk’s customers if it receives regulatory clearance. Until approval is granted, the takeover remains subject to the regulator’s decision.
The latest known position is that BT and TalkTalk have reached an agreement, but the proposed acquisition cannot proceed fully until the required approval has been secured.
