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BT Acquires TalkTalk for £400 Million as Deutsche Telekom and European Telecom Giants Chart New Strategic Course
UK telecom incumbent operator BT announced today that it has acquired TalkTalk and the wholesaler PlatformX Communications for an estimated £400 million, equivalent to approximately $529 million. The transaction brings the troubled assets out of the administration of their parent company, TalkTalk Group. Completed on a debt-free basis, the deal reflects BT’s immediate priority to…
