TalkTalk dials up effort to salvage future as Octopus deal stalls | Money News
TalkTalk Telecom Group, one of Britain’s biggest consumer broadband suppliers, was on Monday evening scrambling to find a new buyer for its wholesale network amid growing doubts over the company’s future. Sky News has learnt that TalkTalk, which has about 1.7 million retail customers, is no longer in exclusive talks with Octopus Investments about a deal for its PXC division. TalkTalk’s advisers from PJT Partners, the investment bank, are said to have spent the last 72 hours trying to elicit fresh interest for the business from Epiris, the private equity firm which was in the running to buy PXC earlier in the summer. The discussions with Octopus – which has been at the centre of a growing row after banning withdrawals from an inheritance tax scheme it operates because of the prospective TalkTalk deal – have not entirely been abandoned, according to insiders. However, there is now only a remote chance of a deal with Octopus – which manages the altnet Fern Trading – being successfully concluded, they said. Just four days ago, Octopus and …








