Talktalk to axe hundreds of jobs in latest cost-cutting drive Media Talktalk is set to cut hundreds of jobs as it looks to boost its balance sheet after narrowly avoiding collapse earlier this year. The telecoms giant, which had 1,857 employees at the end of February, outlined plans to cut the roles in the “radical” restructuring in an update last week, according to The Telegraph. The [...]
Talktalk agrees £400m lifeline as leadership changes confirmed Talktalk has agreed the key terms of a refinancing deal which will hand the telecommunications giant a £400m lifeline, it has been confirmed. The Salford-headquartered company has been in talks with one of its largest shareholders amid warnings it was on the brink of collapse. Its annual report, which was published in July, revealed that [...]
Talktalk debt crisis worsens as Macquarie deal stalls Business Talktalk's crunch negotiations with private equity giant Macquarie over a mooted £450m deal for its wholesale division have stalled, according to reports, as the embattled telecoms provider races to refinance a billion pounds of credit.
Talktalk: The telecoms titan on the brink July 25, 2024 In a defining few months, Talktalk needs to refinance nearly a billion pounds of debt, with bidders circling. Will it survive?
Talktalk hopeful of securing lifeline investment as refinancing deadline looms July 21, 2024 Talktalk has warned investors it could collapse within weeks unless its bosses secure a £200m lifeline from its largest shareholders, as the struggling telecoms firm flounders in its mountainous debt pile
Premier League hits six major UK internet providers including Sky with legal application May 1, 2024 The Premier League has issued new legal proceedings in an English court against several internet service providers which includes Sky and BT.
TalkTalk buys half-a-million Shell Energy customers in deal with Octopus February 6, 2024 TalkTalk has bought almost 500,000 Shell Energy customers in a deal with Octopus Energy.