British tech entrepreneur and investor
BT has agreed to acquire TalkTalk and its wholesale unit PXC on a debt‑free basis, costing about 400 million pounds. The move is framed as safeguarding 2.5 million TalkTalk customers and critical national infrastructure, while navigating an ongoing regulatory review after the deal was announced by BT and under government intervention. TalkTalk’s revenue stands at around 1.2 billion pounds last year, but the company has incurred losses and reduced its consumer base, now around 1.5 million retail customers.