January 21, 2020 / 7:18 AM / a month ago

Britain's TalkTalk sells its fibre network to CityFibre for 200 mln stg

LONDON, Jan 21 (Reuters) - British broadband supplier TalkTalk said it had agreed to sell its fibre network, which initially built ultra-fast connections in the northern city of York, to Goldman Sachs-backed CityFibre for 200 million pounds ($260 million).

TalkTalk said it had agreed a wholesale agreement with CityFibre for its residential and business customers in the areas in which it builds networks, a deal that would help underpin the fibre network operator's expansion.

$1 = 0.7689 pounds Reporting by Paul Sandle; editing by James Davey

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below