The owners of broadband giant TalkTalk Group have asked investment bank Lazard to review its options after several groups including Vodafone approached the Salford-based company about a potential sale of the business, according to news reports.
TalkTalk has over four million customers, according to its last annual report.
It was taken private by investment fund Toscafund Asset Management LLP in 2020 for about £2 billion, including debt.
Bloomberg reported that US telecom giant Comcast Corp, which owns pay-TV and broadband company Sky Ltd., and London-based Vodafone Group Plc, are mulling approaches, citing Sky News.
TalkTalk founder and co-owner Charles Dunstone believes TalkTalk is now worth at least £3 billion.
On April 4, TalkTalk Group announced it entered into an agreement to acquire Virtual1, one of the UK’s primary wholesalers of high bandwidth services.