BT Buys TalkTalk and PlatformX to Save UK Broadband Provider From Collapse

BT Group Plc acquired TalkTalk and PlatformX Communications Ltd. out of administration to prevent the UK broadband provider from collapsing. The deal is expected to have a total cash impact of £400 million ($529 million) for BT in fiscal 2027.

• BT bought TalkTalk and PlatformX Communications out of administration
• Deal prevents collapse of the UK broadband provider
• Total cash impact for BT is £400 million ($529 million) in fiscal 2027