BT asked for payment waiver in TalkTalk rescue negotiations
UKPulse Consumer Desk
A private equity firm seeking to acquire TalkTalk Telecom Group's wholesale arm has reportedly approached BT Group for a payment waiver exceeding £100 million.
- A private equity firm is negotiating to buy the wholesale arm of TalkTalk Telecom Group.
- The firm has asked BT Group for relief from payments worth over £100 million.
- The request is reportedly intended to facilitate a rescue deal for TalkTalk.
Negotiations are intensifying for a rescue deal involving the wholesale arm of TalkTalk Telecom Group. A private equity firm aiming to purchase this part of TalkTalk has reportedly approached BT Group.
The firm has sought relief from payments to BT Group, with the value of these payments exceeding £100 million. This request is reportedly being made to help push through the rescue deal for TalkTalk.