{"id":33968,"date":"2023-03-16T09:23:08","date_gmt":"2023-03-16T09:23:08","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=33968"},"modified":"2023-03-16T09:23:08","modified_gmt":"2023-03-16T09:23:08","slug":"uk-isp-talktalk-considers-options-after-management-shake-up","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/03\/uk-isp-talktalk-considers-options-after-management-shake-up.html","title":{"rendered":"UK ISP TalkTalk Considers Options After Management Shake-up"},"content":{"rendered":"<p>Budget-focused broadband ISP <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a> appears to be going through somewhat of a management shake-up after <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" rel=\"nofollow\" target=\"_blank\">Virgin Media<\/a> (VMO2) reportedly went cold on the idea of reaching a \u00a33bn merger deal with the provider last year (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2022\/10\/virgin-media-o2-uk-puts-possible-3bn-talktalk-merger-on-ice.html\">here<\/a>), which has left them with some decisions to make about the future.<!--more--><\/p>\n<p>The ISP, which is still home to over 4 million broadband customers in the UK, has been far from inactive over the past few years. Back in 2020 they became the subject of a <strong>\u00a31.1bn<\/strong> takeover by <strong>Toscafund<\/strong> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2020\/12\/broadband-isp-talktalk-uk-sold-to-toscafund-in-1-1bn-deal.html\">here<\/a>), which including debt valued the broadband provider at around <strong>\u00a31.8bn<\/strong>.<\/p>\n<p>Since then, they\u2019ve backed alternative network builder <strong><a href=\"https:\/\/www.freedomfibre.com\" target=\"_blank\" rel=\"noopener\">Freedom Fibre<\/a><\/strong> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2021\/09\/broadband-isp-talktalk-take-significant-stake-in-freedom-fibre.html\">here<\/a>), acquired Ethernet provider <a href=\"https:\/\/virtual1.com\/\" target=\"_blank\" rel=\"noopener\"><strong>Virtual1<\/strong><\/a> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2022\/04\/isp-talktalk-acquires-uk-high-bandwidth-wholesalers-virtual1.html\">here<\/a>), gobbled up <a href=\"https:\/\/www.ovoenergy.com\/\" target=\"_blank\" rel=\"noopener\">Ovo Energy<\/a>&#8216;s (SSE) broadband base of 135,000 customers (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2022\/10\/isp-talktalk-finish-acquisition-of-135000-sse-broadband-customers.html\">here<\/a>) and taken a controlling stake in <a href=\"https:\/\/www.telecomacquisitions.co.uk\/\" target=\"_blank\" rel=\"noopener\">Telecom Acquisitions Ltd<\/a> (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2022\/11\/uk-isp-talktalk-take-controlling-stake-in-telecom-acquisitions-ltd.html\">here<\/a>), which manages a multitude of ISP brands and products (e.g. Home Telecom, Fleur Telecom, Hive Telecom and Eclipse Broadband).<\/p>\n<p>However, the failure to reach a deal with VMO2 leaves them with some old and familiar problems to resolve, including the pressure from a growing pile of debt, rising interest rates \/ costs and the increasingly competitive nature of the UK&#8217;s wider broadband market. In response, <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a> appears to be going through somewhat of a management shake-up.<\/p>\n<p>According to <a href=\"https:\/\/www.msn.com\/en-gb\/money\/other\/talktalk-taps-deals-expert-after-virgin-media-o2-takeover-talks-break-down\/ar-AA18Fg23\" target=\"_blank\" rel=\"noopener\">MSN<\/a>, the broadband provider has now appointed deal maker <strong>James Smith<\/strong>, formerly Head of Finance at Capricorn Energy and a specialist in mergers and acquisitions, as its new Chief Financial Officer (CFO). The ISP has also replaced its consumer and business-to-business chief, Jonathan Kini, with <strong>Adam Dunlop<\/strong>, who was previously their MD of Supply and Partnerships.<\/p>\n<p>Finally, <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a> said that <strong>Susie Buckridge<\/strong>, group product and analytics director, and <strong>Lucy Thomas<\/strong>, corporate and regulatory affairs director, will both now join its executive committee.<\/p>\n<blockquote class=\"bq1\"><p><strong>Tristia Harrison, CEO of TalkTalk, said:<\/strong><\/p>\n<p>&#8220;We\u2019re delighted to be welcoming James\u2019s expertise to the TalkTalk team. Our focus on full fibre is resolute and the country has never needed affordable, reliable connectivity more.<\/p>\n<p>We look forward to continued strong performance, with the highest-growing wholesale business in the UK and a unique supplier base spanning both <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/link\/openreach\" target=\"_blank\">Openreach<\/a> and a number of altnets.&#8221;<\/p><\/blockquote>\n<p>By the looks of it, TalkTalk may be looking to grow through the acquisition of smaller rivals and possibly the onboarding of more alternative full fibre broadband networks to their retail and wholesale platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Budget-focused broadband ISP TalkTalk appears to be going through somewhat of a management shake-up after Virgin Media (VMO2) reportedly went cold on the idea of reaching a \u00a33bn merger deal with the provider last year (here), which has left them with some decisions to make about the future.<\/p>\n","protected":false},"author":1,"featured_media":33490,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,32,74,475],"class_list":["post-33968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-o2","tag-talktalk","tag-virgin-media"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - 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