BT agrees to rescue TalkTalk from administration
Summary
BT has agreed a rescue deal for TalkTalk, buying its consumer business and its wholesale arm, PlatformX Communications (PXC), out of administration on a debt-free basis for an undisclosed sum. TalkTalk's 2.5 million customers, who include vulnerable households and connections supporting critical national infrastructure providers, are expected to keep their services as normal. Culture Secretary Lisa Nandy invoked a Public Interest Intervention Notice over national security concerns and ordered a speedy CMA probe.
Latest: BT confirmed a rescue deal to save TalkTalk from administration, ensuring services for 2.5 million customers will continue without disruption.
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How it unfolded
Monday 5 October
BT confirmed a rescue deal to save TalkTalk from administration, ensuring services for 2.5 million customers will continue without disruption.
- 06:42The IndependentTalkTalk customers issued key advice about internet and phone services after BT rescue deal
- 06:30Manchester Evening NewsBT issues advice as 2.5 million Talk Talk customers urged to do two key things after rescue deal agreed
- 06:11The IndependentBT rescues TalkTalk from collapse amid worries over national security threat
- 06:11Evening StandardBT rescues TalkTalk from collapse amid worries over national security threat
- 05:54Evening StandardTalkTalk customers assured service will continue as normal after BT rescue
- 05:54The IndependentTalkTalk customers assured service will continue as normal after BT rescue
- 03:36The IndependentBT strikes deal to rescue troubled TalkTalk from administration
- 02:43The IndependentBT agrees rescue deal to save TalkTalk from administration
- 02:43Evening StandardBT agrees rescue deal to save TalkTalk from administration
- 02:35City A.M.BT inks deal to rescue embattled Talktalk