Opus Broadband Reopens Bid for TalkTalk’s Consumer Division at Reduced Price
Opus Broadband renews £100m offer for TalkTalk's retail arm, raising concerns over investor losses.
POLICY WIRE — London, United Kingdom — A new development has emerged in the ongoing saga surrounding TalkTalk Telecom Group, as Opus Broadband has re-entered the bidding process with a reduced offer to acquire the company’s consumer operations.
The proposed deal, valued at approximately £100 million, comes as TalkTalk continues to face financial challenges. The move is expected to exacerbate losses for existing shareholders, according to reports from Sky News.
Previously, Opus had been linked with investment firm Alchemy Partners in discussions about acquiring TalkTalk’s debt-laden consumer division. However, after an exclusivity period ended, the firm reportedly shifted its focus, leaving the door open for other potential buyers such as Ares Management.
Reporting by Policy-Wire (PW)
