TalkTalk chief Dunstone reaches agreement on £400m deal ... - Sky News
WEBAug 12, 2024 · The broadband provider, which has nearly four million UK customers, has reached an agreement to extend its debt maturities to 2027 and inject £65m into the company. The deal will also involve a series of leadership changes and the participation of Ares Management and Toscafund.
TalkTalk owners weigh £3bn sale as suitors come calling
WEBApr 8, 2022 · TalkTalk's shareholders have been alerted to potential offers as Vodafone weighs a takeover approach for the privately owned company, Sky News learns.
TalkTalk owners set for bondholder summit over £200m ... - Sky News
WEBJul 20, 2024 · The telecoms group founded by Sir Charles Dunstone will meet bondholders next week to discuss plans for new funding from its shareholders. The move comes after months of attempts to fix TalkTalk's balance sheet and …
UK broadband company TalkTalk to split into three, CEO to step …
WEBSep 27, 2023 · TalkTalk, a British broadband company owned by Toscafund, said on Wednesday it would split into three standalone companies focused on business-to-business wholesale telecoms services, consumer...
TalkTalk keeps the lights on with £400m refinancing deal
WEBAug 12, 2024 · UK telco TalkTalk has agreed the key terms of a new funding deal with its lenders, averting a damaging debt crisis. The embattled operator has revolving credit facilities (RCFs) maturing in November, and senior secured notes (SSN) due in February 2025, which together represent around 60 percent of its secured debt.
Sir Charles Dunstone injects £65m to save TalkTalk from collapse
WEBAug 13, 2024 · TalkTalk has narrowly avoided collapse, securing an emergency lifeline from its billionaire founder, Sir Charles Dunstone. Alongside other shareholders, Dunstone has agreed to inject £65 million into the struggling broadband business, a move crucial to sidestepping an impending debt default.
Toscafund to take TalkTalk private in £1.1bn deal - Financial Times
WEBDec 17, 2020 · TalkTalk, the UK’s fourth largest internet company with 4.2m customers, has effectively been up for sale for years but no trade buyer emerged for the budget broadband provider. Toscafund made an...
TalkTalk share price surges 16% on takeover offer by Toscafund - BBC
WEBOct 8, 2020 · Shares in telecoms firm TalkTalk have surged 16% after it agreed to consider a takeover bid from investment firm Toscafund that values it at £1.1bn. TalkTalk said that its board had "agreed to...
TalkTalk debt deadlines loom and faces collapse if deal isn’t done
WEBJul 22, 2024 · The telecoms provider has debt repayment deadlines looming and needs a £200m funding deal by August. It is in talks with a potential new investor and its shareholders, but also faces a bond...
TalkTalk debt crisis escalates as sell-off falls through - MSN
WEBAn attempt to prop up the debt-laden broadband provider TalkTalk by selling its wholesale arm has fallen through after the Australian investment giant Macquarie retreated from deal talks.
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