BT has agreed a deal to buy TalkTalk and its wholesale business PlatformX Communications out of administration, rescuing the telecoms group from collapse. The acquired company has shared a message to its existing customers.
Rescue deal agreed
BT confirmed it has reached an agreement to purchase TalkTalk and PlatformX Communications from administrators. The move prevents the telecoms provider from going under.
TalkTalk has communicated directly with its current customers following the announcement of the deal.
What happens next
Further details of the acquisition are expected to be released in due course. The agreement marks a significant step for BT in expanding its telecommunications operations.
