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 Telecoms 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 Live! 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
Virgin Media O2 eyes swoop for TalkTalk’s consumer unit February 11, 2024 Virgin Media O2 (VMO2) is reportedly engaged in talks to buy the consumer division of internet provider TalkTalk after a larger deal for the whole firm failed two years ago.
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.
Millions of low income households are overpaying for their broadband, says Ofcom April 24, 2023 More than half of low-income homes who qualify for cheaper broadband tariffs are missing out on the deals, according to the UK communications regulator. Only 220,000 households were on a social tariffs as of February 2023, meanwhile 53 per cent of people receiving benefit payments were completely unaware of cheaper deals, Ofcom revealed in a [...]
Auditors flag unusual accounting for TalkTalk as consolidation remains up in air September 6, 2022 Auditors have flagged a series of unusual accounting practices for broadband giant TalkTalk. According to the firm’s annual report, which was obtained by The Telegraph, TalkTalk’s auditors Deloitte said in a reasonable worse case scenario the firm would only be able to meet the covenants on its debt by excluding more “exceptional items” from everyday [...]
Telecom giants agree new cost of living plan amid rocketing prices June 27, 2022 The UK’s biggest broadband and mobile operators have agreed to a raft of new commitments to further help customers with the rising cost of living following a government-led summit at No 10 Downing Street.
Ofcom clamps down on fake number fraud February 23, 2022 UK phone companies will make it harder for scammers to use their networks, under a range of measures proposed by media regulator Ofcom today. Almost 45 million people were targeted by scam calls and texts last summer. Criminals are becoming increasingly sophisticated, and nearly a million of these consumers followed the scammers’ instructions, risking financial loss and [...]
UK broadband and pay TV complaints at an ‘all-time low’ says Ofcom February 8, 2022 Ofcom has revealed that the number of complaints received between July and September last year across broadband, landline and pay TV companies were at an all-time low. From its latest league table, TalkTalk and Shell Energy had the most broadband complaints, primarily due to faults and service issues. With the industry average being 10 complaints per every 100,000 [...]