TalkTalk launches £200m share placing ahead of full fibre roll out for UK
Warrington-based telecoms company TalkTalk is bidding to raise £200m with a share placing as it prepares to invest £500m in a deal to provide full fibre roll out across the UK.
TalkTalk is in discussions with Infracapital, the infrastructure equity investment arm of M&G Prudential, for the creation of an independent company.
Infracapital will provide 80% of the funding and TalkTalk 20%.
The agreement – the heads of terms of which are subject to contract - will see TalkTalk use cash from the placing and private equ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
