BT strikes deal to rescue troubled TalkTalk from administration

Submitted ⁨⁨1⁩ ⁨day⁩ ago⁩ by ⁨Armand1@lemmy.world⁩ to ⁨unitedkingdom@feddit.uk⁩

https://www.independent.co.uk/news/business/bt-talktalk-takeover-internet-broadband-b3061297.html

BT Group has agreed a takeover rescue deal to buy TalkTalk’s consumer and wholesale divisions out of administration, safeguarding roughly 900 jobs alongside telecommunications supply for millions of subscribers and vital public services.

According to BT, the transaction will “protect continuity of service for its 2.5 million customers, avoiding the risk of material harm to vulnerable customers and key emergency services”.

Insolvency administrators at Alvarez & Marsal Europe confirmed that the sale will see all 900 employees across TalkTalk’s consumer and broadband business and PXC transfer over to BT as part of the deal.

BT are not rescuing a company here. They’re absorbing it and acquiring its staff and customers. I don’t know why we are pretending they are doing this out of the goodness of their hearts. It’s not like they are donating money to them.

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9point6@lemmy.world ⁨1⁩ ⁨day⁩ ago
So BT now trades as BT, EE (itself the product of T-Mobile & Orange merging), PlusNet and now TalkTalk

Would be much less problematic if it was still publicly owned

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- Flax_vert@feddit.uk ⁨1⁩ ⁨day⁩ ago
  12 years, six feet under, still causing problems.
  
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- Denjin@feddit.uk ⁨1⁩ ⁨day⁩ ago
  Openreach, as the network operator for 90% of people in the UK, at least should be publicly owned
  
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  - bugbear@lemmy.sdf.org ⁨1⁩ ⁨day⁩ ago
    One would think governments would realise its in the countries’ best interests to own their infrastructure. But here we are now
    
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- bugbear@lemmy.sdf.org ⁨1⁩ ⁨day⁩ ago
  Wait, EE is just BT in a trenchcoat? I didn’t realise when I signed up for them earlier this year… oh well
  
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wiccan2@thelemmy.club ⁨1⁩ ⁨day⁩ ago
TalkTalk spent the better part of the 2000s buying up and absorbing almost all of the smaller ISPs, they ruined any sense of competition and now BT is talking full advantage to cement their monopoly.

There’s basically only BT and VirginMedia left with most alternatives being owned by one of the two.

Give it a year and most of those “saved” jobs will be gone after BT fully swaps over all of the TalkTalk customers to their existing systems.

BT are not the good guys here.

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- mlcgdrhu@sopuli.xyz ⁨1⁩ ⁨day⁩ ago
  There are loads of small ISPs operating. Mainstream, there’s little choice, but those living in CityFibre areas have choice.
  
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  - bugbear@lemmy.sdf.org ⁨1⁩ ⁨day⁩ ago
    So not really useful for anyone outside of those areas, is it?
    
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- Flax_vert@feddit.uk ⁨1⁩ ⁨day⁩ ago
  BT originally wasn’t even privatised, should be nationalised again. Bring back the GPO.
  
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Bassman27@lemmy.world ⁨1⁩ ⁨day⁩ ago
Talk talk are an incredibly shitty company and I will tell everyone how shit they are for the rest of my life. Only recommend to your worst enemies!

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- DakRalter@thelemmy.club ⁨1⁩ ⁨day⁩ ago
  We were on talktalk for over a decade, at least they allowed me to access the mullvad website and dns. We moved to virgin media and I can only access the mull ad site via tor now. Can’t access the dns at all. I was always trash talking talktalk when we were using them, but man, virgin is way worse.
  
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  - Armand1@lemmy.world ⁨1⁩ ⁨day⁩ ago
    That might be a parental control setting you can turn off, for what it’s worth. I’m pretty sure I used Mullvad under Virgin, but that was some time back.
    
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