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TalkTalk Group has kicked disconnected talks with prospective bidders for divisions including 1 of Britain's biggest user net providers.
Sky News has learnt that TalkTalk, which supplies landline and broadband services to astir 1.7 cardinal UK customers, has begun discussions with imaginable buyers successful the past fewer days.
The initiation of talks comes astir 4 months aft the privately owned institution appointed bankers to oversee a sale.
Industry sources said the likes of Vodafone and Virgin Media O2 were among those expected to research bids for parts of the group, which was founded by The Carphone Warehouse billionaire Sir Charles Dunstone.
TalkTalk ranks among the largest broadband suppliers successful the country, down BT Group, Sky and VMO2.
In summation to its user division, the PlatformX Communications (PXC) wholesale and web portion of TalkTalk is besides for sale.
Within the second unit, TalkTalk's ethernet subsidiary could besides beryllium sold connected a standalone basis.
TalkTalk, which has been grappling with a heavy indebted equilibrium expanse for immoderate time, secured a important boost past summertime erstwhile it agreed a £120m superior injection.
The bulk of those funds came from Ares Management, an existing lender to and shareholder successful the company.
That caller backing followed a £1.2bn refinancing completed successful 2024, but which failed to forestall bondholders pushing for further moves to fortify its equilibrium sheet.
Over the past 18 months, TalkTalk has slashed hundreds of jobs successful an effort to exert a tighter grip connected costs.
It besides raised £50m from 2 disposals past March and June, comprising the merchantability of non-core customers to Utility Warehouse.
The company's concern limb is separately owned by TalkTalk's shareholders, pursuing a woody struck successful 2023.
TalkTalk was taken backstage from the London Stock Exchange successful a £1.1bn woody led by Toscafund and Penta Capital.
Sir Charles, the group's enforcement chairman, is besides a shareholder.
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The institution is present tally by main enforcement James Smith.
Britain's altnet sector, which comprises dozens of broadband infrastructure groups, has been struggling financially due to the fact that of soaring costs and debased lawsuit take-up.
In caller weeks, G.Network has fallen into administration, portion others are exploring mergers successful an effort to consolidate and chopped costs.
TalkTalk declined to comment.
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