TalkTalk share value tumbles as it comes under fire over £200m placing
Shares in Warrington-based telecoms company TalkTalk have slumped 8.6% in the wake of an announcement profits would be about millions short of target.
The company yesterday raised £200m in a share placing and announced it was entering into a new deal with Infracapital, the infrastructure arm of M&G Prudential, to invest together in faster and more reliable broadband networks for more than three million homes in “mid-sized towns and cities” across the UK.
TalkTalk will provide £100m out of £500m total equity, with a fu... 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...
