Sharecast News
12 Feb, 2024 13:43

Macquarie in discussions to acquire TalkTalk wholesale arm

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TalkTalkSharecast graphic / Josh White

Australian bank Macquarie was said to be closing in on a deal to acquire the wholesale arm of British broadband provider TalkTalk.

According to Sky News, Macquarie will potentially ink an exclusivity agreement as soon as this week that would see it pour £450.0m into PlatformX, TalkTalk's wholesale platform, in exchange for a 40% or more stake.

Proceeds of the sale will be used to lower net debt amid a wider break-up.

Reporting by Iain Gilbert at Sharecast.com


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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.