TalkTalk seeks quick sale of broadband units

TalkTalk is seeking to avoid administration by finalizing deals to sell its consumer and wholesale broadband divisions, which could result in a write-off of approximately £1 billion for its owners. The company, facing declining customer numbers and financial difficulties, is close to completing a £100 million sale of its consumer business to Opus Broadband and a sale of its wholesale division PXC to Octopus Investments. These measures aim to preserve customer service and jobs amid ongoing financial struggles.

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