TalkTalk Group has provided an update that will see funding increased to a total of around £120m for proposed participation in the new facilities by other existing financial stakeholders of the group, and will be used to strengthen the group's working capital position.
Financial
New research has revealed that six of the UK’s thirteen major broadband providers currently operate without internal audit, and that without independent assurance on internal controls and risk management, these companies could be more vulnerable to collapse.
Openreach’s full fibre footprint has expanded to 11 million homes and businesses, 44% of its 25 million premise target. This represents a 718k passed in the quarter at an average build rate of 55k per week.