Updated
Updated · Bloomberg · Jul 7Telecel Offers for TalkTalk’s PlatformX Unit as Bidders Circle Wholesale Business
1 articles · Updated · Bloomberg · Jul 7Summary
- Telecel Group has submitted an offer for TalkTalk Telecom Group’s PlatformX Communications unit, according to people familiar with the matter.
- PlatformX is TalkTalk’s wholesale telecommunications business, making the bid part of a sale process for the group’s wholesale arm.
- Telecel is not alone in the process, with multiple bidders competing for the asset, the people said.
- The approach underscores interest in TalkTalk’s infrastructure-facing business as the company explores options for the unit.
Insights
How will an Africa-focused group leverage a UK telecom asset for its continental growth strategy? Who will win the race to reshape the UK's broadband market after TalkTalk's breakup?