{"id":328690,"date":"2023-10-02T14:44:11","date_gmt":"2023-10-02T14:44:11","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=381838"},"modified":"2023-10-02T14:44:11","modified_gmt":"2023-10-02T14:44:11","slug":"talktalk-pushes-ahead-with-demerger","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2023\/10\/02\/talktalk-pushes-ahead-with-demerger\/","title":{"rendered":"TalkTalk pushes ahead with demerger"},"content":{"rendered":"

<\/p>\n

\tTalkTalk outlined plans to sell its B2B division to a special purpose vehicle owned by the telecoms group\u2019s main shareholders in a \u00a395 million deal, as it pushes ahead with a break-up of the business.<\/p>\n

News of the deal comes less than a week after the company announced it would demerge [1] into three standalone businesses: B2B Wholesale Platform; TalkTalk Consumer; and TalkTalk Business Direct.<\/p>\n

The sale of the B2B unit keeps the business under ownership of the company\u2019s biggest shareholders while continuing a separate wholesale connectivity agreement with another TalkTalk operation.<\/p>\n

Bloomberg reported the deal could represent a preliminary step towards attempts to refinancing.<\/p>\n

The three-way split of the group was driven by pressure to meet debt repayment deadlines, with high-yield bonds worth around \u00a3685 million maturing in February 2025.<\/p>\n

As part of the demerger, group CEO Tristia Harrison is vacating the role to head up an oversight board to ensure the three units become operationally separate from 1 November and legally separate from 1 March 2024.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/talktalk-split-to-cost-jobs\/<\/p>\n\n

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TalkTalk outlined plans to sell its B2B division to a special purpose vehicle owned by …<\/p>\n

The post TalkTalk pushes ahead with demerger<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"TalkTalk pushes ahead with demerger - ITTeacherITFreelance.hk","description":"TalkTalk outlined plans to sell its B2B division to a special purpose vehicle owned by ... The post TalkTalk pushes ahead with demerger appeared first on Mobile"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328690"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=328690"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328690\/revisions"}],"predecessor-version":[{"id":328691,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/328690\/revisions\/328691"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=328690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=328690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=328690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}