An unknown buyer acquired TalkTalk Business Direct unit from TalkTalk Telecom Group Limited for £95 million on October 3, 2023. The transaction also involves along -term exclusive wholesale agreement with TalkTalk's wholesale platform worth £25m over three years. TFP Telecoms Limited (TFP), a special purpose vehicle controlled by the main shareholders of TalkTalk Telecom Group Limited (TTG), has acquired from TTG. The sale is the first phase of the demerger strategy announced last month, and is in line with shareholders? commitment to support the separation of TTG into three separate businesses and the associated refinancing of those businesses on a separated basis. On completion, TalkTalk Business Direct will continue to remain headquartered in Salford following the deal. Houlihan Lokey UK Limited acted as financial advisor to TalkTalk Telecom Group PLC.

An unknown buyer completed the acquisition of TalkTalk Business Direct unit from TalkTalk Telecom Group Limited for £95 million on October 3, 2023.