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ISP News Archives for October 31, 2022

 
Mobile giant Vodafone UK and Sky (Comcast) have reportedly two among several "groups" that have approached budget conscious fixed broadband ISP TalkTalk about a potential deal (most likely an acquisition), which in theory could create a much larger provider with more influence over the industry. Just to recap. In 2020 TalkTalk became the subject of a £1.1bn takeover by Toscafund - controlled by hedge fund tycoon Martin Hughes (here), which including debt valued the broadband provider at around £1.8bn. The deal took the ISP private and gave them more financial flexibility for their future plans. Since then, they've backed Freedom Fibre (here) and this week made the notable acquisition of Ethernet provider Virtual1 (here). According to the FT (paywall) and Sky News, TalkTalk is now said to have asked investment bank Lazard to review its options after allegedly being approach by several groups, including Vodafone and Sky (Sky Broadband). Lazard is a logical choice as they recently acted as Financial Advisor to TalkTalk on the Virtual1 transaction. Some industry analysts have reportedly suggested that TalkTalk itself could now be worth "at least" £3bn. But this seems rather optimistic for an ISP that doesn't have any significant fixed line broadband infrastructure to call its own (excluding their old unbundled LLU network) and largely just piggybacks off Openreach (BT), CityFibre and Freedom Fibre. But TalkTalk do have a strong business and wholesale side. Funnily enough, Sky Broadband are in a similar position with their own fixed line base, while Vodafone also likes to piggyback off Openreach and CityFibre. At present, Vodafone has a fixed broadband base of 991,000 customers, while Sky Broadband is estimated to be home to around 6.7 million and TalkTalk has approximately 4.2 million. Suffice to say, anybody gobbling up TalkTalk would instantly become a much larger provider, giving them a greater say in how the UK broadband market develops and more opportunities for convergence (Vodafone with mobile, and Sky with mobile and TV). Crucially, TalkTalk's consumer base is mostly made up of those on older copper and hybrid fibre lines (i.e. ADSL and FTTC / VDSL2), which are ripe for a future migration to FTTP. At the time of writing, all of the aforementioned operators have decline to comment on the reports, and TalkTalk has yet to receive any serious formal offers. In other words, we strongly suspect that this is largely just an exercise in spin to help TalkTalk drum up some more productive interest in the idea. But at the same time, it's not unreasonable to suspect that they might succeed, as the interest seems genuine. On the other hand, we see reports like this every year or so and only a very few ever convert into a serious offer. Time will tell. Much may depend upon whether or not TalkTalk’s new owners are more flexible and pragmatic about doing a deal than the previous lot. Arguably, TalkTalk might have gone much further by now had they taken some different decisions a few years ago (e.g. co-investing in FTTP instead of Pay TV).
Virgin Media O2 UK Puts Possible £3bn TalkTalk Merger on Ice

31st Oct 2022 (12 Comments)

A major newspaper has reported that Virgin Media (VMO2) has allegedly gone cold on the idea of reaching a £3bn merger deal with budget UK ISP TalkTalk, which would have added the provider’s broadband base of over 4.2 million to their own base of 5.6 million in order to more effectively compete with BT.

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BT’s October 2022 Progress Update on 10Mbps UK Broadband USO

31st Oct 2022 (9 Comments)

UK ISP BT has issued the latest biannual October 2022 update on the progress they’ve made in delivering the 10Mbps Universal Service Obligation (USO) for broadband, which confirms that they’ve so far built a USO connection to over 5,900 premises (up from 4,600), with more than 2,000 further builds in progress (down from 2,300).

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Virgin Media O2 UK Celebrate 1 Million Volt Broadband and Mobile Customers

31st Oct 2022 (12 Comments)

Broadband ISP Virgin Media UK and mobile operator O2, which not so long ago agreed a £31bn mega merger to become VMO2, have today celebrated after managing to attract 1 million customers to take-up their first joint product (bundle) under the ‘VOLT’ title – just one year after launching it.

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UK ISP Brsk Offer 50 Percent Off Full Fibre Broadband for 1 Year

31st Oct 2022 (0 Comments)

Network builder and UK ISP Brsk has announced that they will be launching a new ‘Black Friday‘ promotion on 1st November, which will offer new customers to their full fibre broadband network in Bradford, Accrington, Burnley and South Manchester a 50% discount for an entire year (e.g. £12.50 for 100Mbps ot £22.50 for 1Gbps).

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ISP TalkTalk UK Closes “Obsolete” UFO Full Fibre Product in York

31st Oct 2022 (19 Comments)

Customers on TalkTalk’s 944Mbps Ultra Fibre Optic (UFO) broadband service in the City of York, which is a full fibre (FTTP) network that was originally launched in 2015 as part of a partnership with Sky Broadband and Cityfibre (here), have been informed that the “trial” service is now “coming to an end” because its “equipment is obsolete“.

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VXFIBER and Council Owned ISP Extend FTTP Broadband to Wivenhoe UPDATE2

31st Oct 2022 (3 Comments)

Network builder VXFIBER UK has announced that they’ve joined forces with the local authority owned ISP Colchester Fibre (part of Colchester Amphora Trading) to make their gigabit-capable Fibre-to-the-Premises (FTTP) network (dedicated point-to-point fibre) available to over 3,500 homes and businesses in the town of Wivenhoe.

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