BT Agrees Deal to Rescue TalkTalk From Bankruptcy

Britain’s BT Group has agreed to buy the consumer and wholesale businesses of internet and telecommunications provider TalkTalk in a deal aimed at saving it from bankruptcy.

The agreement is intended to protect telecommunications services used by millions of homes, making continuity for customers a central part of the rescue.

The deal also seeks to safeguard connections supporting vital public services, extending its significance beyond household internet access.

The planned acquisition covers both TalkTalk’s consumer-facing operations and its wholesale business. The rescue therefore addresses two key parts of the British provider’s operations as it faces the threat of bankruptcy.