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£3bn TalkTalk sale in play

April 11, 2022 12.29 Europe/London By Julian Clover

TalkTalk is said to have received a number of tentative approaches that could lead to a £3 billion sale of the UK telco.

Vodafone and Sky have both been associated with a possible bid for the company chaired by Sir Charles Dunstone.

Investment bank Lazard is understood to be handling approaches for the company, though no formal bid has yet been tabled.

In addition to its broadband offer, TalkTalk also provides a TV service, through both the YouView and Netgem platforms.

Interest in the company that was taken private in 2020 is the latest in a series of deals among European telcos including the June 2021 tie-up between Liberty Global’s Virgin Media and Telefonica’s O2. In the background, Openreach is extending its full-fibre offer and new start-ups including City Fibre are also extending their reach.

According to data from the regulator Ofcom, TalkTalk has 2.8 million customers.

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Filed Under: Business, Editor's Choice, Finance, Newsline, Top Story Tagged With: TalkTalk Edited: 12 April 2022 13:16

About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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