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Job hunters can apply for six months of free broadband to help them look for a job. Telecoms company TalkTalk and the Department for Work and Pensions have teamed up to address digital exclusion and lift barriers to employment. The voucher scheme will give people access to uncapped broadband after it was trialled in Greater [...]
Average household internet usage has increased by 50 per cent this year according to data by internet provider TalkTalk. And December 16 saw the highest ever data usage peak of 7.63Tb/s on the network, with traffic largely driven by a combination of football including Liverpool vs Spurs on Amazon Prime and the release of Call of Duty. [...]
Talktalk has this morning announced that it will be taken private in a £1.1bn deal with shareholder Toscafund and private equity firm Penta. Under the offer, shareholders of the broadband supplier will receive 97p per share, a 16 per cent premium on shares as of 7 October, when the offer was first made. The deal [...]
Talktalk has extended the deadline for major shareholder Toscafund to make a solid offer for the telecoms firm for the second time. The private equity firm will now have until 17 December to table a firm bid for the troubled telecoms firm. Last month the asset manager made a 97p per share approach for Talktalk, [...]
Telecoms provider Talktalk has extended the deadline for major shareholder Toscafund to make a solid offer for the company until 3 December. Last month the asset manager made a 97p per share approach for Talktalk, with the original deadline set for today. The current offer values the telecom at around £1.1bn, and represents a significant [...]
Oil giant Shell is said to have made a surprise entry into the race to snap up the Post Office’s telecoms division, paving the way for a potential shake-up of the UK broadband market. The FTSE 100 company already has a presence in the telecoms market after taking control of energy and broadband provider First [...]
TalkTalk announced earlier today it had received a takeover bid from investment management firm Toscafund. The offer paves the way for a go-private deal for the London-based telecoms group. Investors reacted positively to the news, with shares in the company rising more than 19 per cent. The bid came as little surprise to analysts, who [...]
Talktalk was the worst performing broadband provider for customer satisfaction last year, according to the latest research by the UK telecoms watchdog. A survey by regulator Ofcom found that overall satisfaction levels among Talktalk customers were lower than average, with an approval rating of 78 per cent. Customers were also less satisfied than average with [...]
Broadband provider Cityfibre this morning announced the acquisition of Fibrenation, Talktalk’s fibre networks rollout business, for £200m. The deal, which was delayed in November after Labour announced plans to nationalise BT, means that Cityfibre’s rollout target has risen from 5m up to 8m premises in the UK. As a result of the purchase, Talktalk, which [...]
Broadband provider Talk Talk’s chief executive Tristia Harrison said that Labour’s plans to nationalise BT’s Openreach arm had forced the company to pause negotiations over the sale of its Fibrenation sister business. On a call with reporters, Harrison said: “Negotiations are going very well, but the news overnight means that we are all pausing, considering [...]
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