{"id":35402,"date":"2023-08-14T08:20:10","date_gmt":"2023-08-14T07:20:10","guid":{"rendered":"https:\/\/www.ispreview.co.uk\/?p=35402"},"modified":"2023-08-14T08:20:10","modified_gmt":"2023-08-14T07:20:10","slug":"uk-isp-sky-business-sniff-possible-acquisition-of-talktalk-b2b-division","status":"publish","type":"post","link":"https:\/\/www.ispreview.co.uk\/index.php\/2023\/08\/uk-isp-sky-business-sniff-possible-acquisition-of-talktalk-b2b-division.html","title":{"rendered":"UK ISP Sky Business Sniff Possible Acquisition of TalkTalk B2B Division"},"content":{"rendered":"<p>A new report claims that <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/bskyb\" rel=\"nofollow\" target=\"_blank\">Sky Broadband<\/a>&#8217;s business division, <a href=\"https:\/\/business.sky.com\/\" target=\"_blank\" rel=\"noopener\">Sky Business<\/a> (formerly Sky Connect), has joined Daisy Group and a couple of other interested parties in potentially gobbling up <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a>&#8217;s business-to-business arm (TT Business Direct Limited) within the next month or two, which is predicted to attract a value of around \u00a3150m.<!--more--><\/p>\n<p>In case anybody has missed the recent reports (<a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2023\/07\/debt-pressures-pushing-budget-uk-isp-talktalk-toward-breakup.html\">here<\/a> and <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/2023\/08\/fitch-downgrades-talktalks-long-term-issuer-default-rating-to-b.html\">here<\/a>), broadband ISP <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a> &#8211; under growing pressure from its own debts, competition, rising costs and limited growth in its residential business &#8211; has decided to break the business up and sell some bits of it off in pieces to help balance the books.<\/p>\n<div class=\"bq2\"><strong>NOTE:<\/strong> <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/tt\" rel=\"nofollow\" target=\"_blank\">TalkTalk<\/a>, which is home to 4 million UK broadband customers, was 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>) in 2020, which including debt valued them at c. <strong>\u00a31.8bn<\/strong>.<\/div>\n<p>The first bit to go will be their B2B Direct business arm, which is home to around 80,000 customers. The wholesale division may well follow. According to The Times (<a href=\"https:\/\/www.thetimes.co.uk\/article\/sky-in-the-chase-for-talktalks-business-arm-9rmscl5rk\" target=\"_blank\" rel=\"noopener\">paywall<\/a>), the latest party to enter the fray with a serious interest is allegedly Sky Business. Sky has recently been putting more time and money into growing their business base, thus such an acquisition would make sense.<\/p>\n<p>Advisers from Houlihan Lokey are said to be handling the sale and, if the recent update from Fitch Ratings is to be believed, then we could learn the outcome of all this within the next couple of months. All of this follows last year&#8217;s seemingly failed attempt to agree a \u00a33bn sale to <a href=\"https:\/\/www.ispreview.co.uk\/index.php\/go\/vm\" rel=\"nofollow\" target=\"_blank\">Virgin Media<\/a> (VMO2), which is believed to have been scuppered due to the potential for regulators to raise competition concerns (<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>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report claims that Sky Broadband&#8217;s business division, Sky Business (formerly Sky Connect), has joined Daisy Group and a couple of other interested parties in potentially gobbling up TalkTalk&#8217;s business-to-business arm (TT Business Direct Limited) within the next month or two, which is predicted to attract a value of around \u00a3150m.<\/p>\n","protected":false},"author":1,"featured_media":34358,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[472,66,74],"class_list":["post-35402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk_isp_news","tag-business","tag-sky-broadband","tag-talktalk"],"share_on_mastodon":{"url":"","error":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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