TalkTalk explores options after Vodafone approach

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.

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.