- Macquarie may buy TalkTalk stake
- Investment could reduce TalkTalk’s debt
- VMO2 discussed TalkTalk acquisition
As early as this week, the Australian banking giant Macquarie may enter exclusive negotiations to acquire a significant minority stake in the group’s PlatformX.
Macquarie, the Australian banking giant, is close to securing a deal to buy a substantial stake in TalkTalk Telecom’s wholesale division, one of the UK’s biggest consumer broadband providers.
This week, Macquarie could sign an exclusivity agreement that would pave the way for a transaction with the corporation founded by Sir Charles Dunstone.
City sources suggest Macquarie intends to invest £450 million in PlatformX, TalkTalk’s wholesale platform, in return for at least a 40% share.
Some understand that the proceeds would go towards reducing the company’s debt amidst a wider breakup.
Multiple Bidders Eye TalkTalk Divisions
Other parties, including Digital Bridge, have also shown interest in acquiring a stake in PlatformX.
A consortium of the group’s current shareholders has already purchased TalkTalk’s business division. While the consumer section is expected to be put up for sale in the coming years.
“Don’t miss out! Grab your free shares of Webull UK today!”
A source closely connected to the company dismissed a weekend report that it was in active talks with Virgin Media O2 to sell its consumer division.
After buying the former consumer business of Octopus Energy, Shell’s household broadband and telecoms division recently added nearly 500,000 customers.
VMO2 had earlier considered buying TalkTalk in full, but those talks fell through over concerns from competition regulators.
Takeover proposal by Superdry founder seeks Rcapital backing
