AllPoints Fibre Networks has agreed a new multi-million-pound partnership with BT Wholesale as it continues to expand the reach of its full fibre broadband offering.
Mon, 12/08/2024 - 09:42
TalkTalk has reached a £400m refinancing deal with its financial stakeholders and extended the maturities of its secured debt.
The transaction has been agreed between a group of SSN holders, a group of RCF banks (together representing around 60% of the Company’s secured debt), Ares Management Funds and the Company’s major shareholders.
The company’s shareholders will immediately provide £65m of interim funding to the Group with £170m to follow.
“The proposed transaction will leave the Company well-funded to deliver the respective strategic plans of PXC and TalkTalk, continuing to capitalise on their strong positions in the market,” said a statement from the company.
The Company has also announced leadership changes with Dame Tristia Harrison becoming a non-executive director of the Group.
James Smith, current Group CFO, will become Group CEO and will also become CEO of PXC, with Tom O’Hagan stepping up to a new role of executive chairman of PXC to focus on strategy and clients.
Susie Buckridge remains CEO of TalkTalk, the Group’s consumer business. Sir Charles Dunstone will continue in his role as Group Chairman.
