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TalkTalk Telecom Group PLC Add to portfolio

LON250:TALK, Jan 22, 05:09 UTC

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TalkTalk sells fibre network to CityFibre

TALK

£200m deal strenghtens CityFibre network proposition across the UK(Image credit: Shutterstock.com / Red Tiger). “This agreement is good news for TalkTalk and good news for Britain’s fibre roll-out," said Tristia Harrison, Chief Executive of TalkTalk. "Our investment over the last five years and the excellent work delivered by the FibreNation team, combined with CityFibre’s well-established platform, will support wide-geographical reach of full fibre and further drive competition and customer take-up in the market.”. Prime Minister Boris Johnson pledged to deliver full fibre connectivity to the entire of the UK by 2025, and CityFibre, which is owned by Goldman Sachs, has been on a signficiant investment drive to build its network across the UK. In October 2018, the company declared it would be invest £2.5 billion to bring fibre to the premise (FTTP) infrastructure to five million homes across the UK, giving Internet Service Providers (ISPs) and mobile operators an alternative wholesale network for consumer broadband and backhaul services.

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Friday, November 15


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What to Watch: Carpetright takeover, TalkTalk results overshadowed, and Fuller profit warning

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Carpetright (CPR.L) has confirmed plans to be taken over by its largest shareholder in a rescue deal. Meditor will takeover Carpetright in a deal worth £15.1m that will help the struggling retailer pay down its debts. “With a recapitalised business and the backing of a committed new owner with the resources to invest in Carpetright for the long term, we will be able to complete our recovery in the private arena and emerge as a stronger business." Labour announced on Thursday night that it plans to nationalise BT’s Openreach business and offer free broadband to everyone in the UK.

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TalkTalk pauses FibreNation sale after Labour reveals nationalisation plans

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The company’s half-year results were delayed on Tuesday as it was close to completing a deal for FibreNation, but the sale was paused on Friday after Labour announced plans to nationalise parts of BT. “Not surprisingly, when news of that sort lands, everybody’s reviewing, pausing for breath, and considering what that means, and that’s what happened here,” chief executive Tristia Harrison told the PA news agency. Ms Harrison said her team has been pleased with the level of interest in the business and is still speaking to several potential buyers, though she declined to name them. In those results, TalkTalk revealed that more customers are plumping for its higher broadband speeds as it added nearly 300,000 new fibre accounts to the business over the last six months.

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TalkTalk News Headlines. TALK Share News. Financial News Articles for Talktalk Telecom Group Plc Ord 0.1P updated throughout the day.

TALK LSE

Gil Holzman CEO of Eco Atlantic presenting at the London South East Oil Investor Briefing 12.11.2019View Video. (Alliance News) - TalkTalk Telecom Group PLC said Friday it swung to first-half profit and affirmed its guidance for the full-year. In the six months to September 30, revenue fell 3.6% to GBP792.0 million from GBP822.0 million last year, on declining carrier revenues and the firm exiting mobile virtual network operations, a measure it announced in May 2017. TalkTalk moved its headquarters to Salford, Greater Manchester, from London, a moved which delivered GBP7 million in first half cost savings.

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UPDATE 1-TalkTalk says FibreNation sale stalled after Labour broadband pledge

TALK TRI

LONDON, Nov 15 (Reuters) - British broadband provider TalkTalk said on Friday that a deal to sell its FibreNation business had stalled after the opposition Labour Party announced a plan to create a "British Broadband" public service. Labour's plan would bring part of telecoms provider BT back into state ownership if it won Britain's December 12 election. TalkTalk launched FibreNation last year and said it would connect 60,000 more homes in northern England with fibre, underlining its ambition to build its own ultrafast network reaching three million customers after it abandoned a plan to team up with M&G Prudential. Broadband companies in the UK have been looking to take advantage of a plan pledged by Prime Minister Boris Johnson to "end the digital divide" through the rollout of full fibre broadband by 2025.

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Thursday, November 14


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Goldman-backed venture close to deal for TalkTalk broadband arm

TALK

A new ultrafast broadband network backed by Goldman Sachs, the Wall Street bank, is closing in on a deal to take over a rival venture set up by TalkTalk, the FTSE-250 telecoms group. Other bidders for a major interest in FibreNation, which include Macquarie, the Australian infrastructure investor, are said to remain in contention for a deal if the talks with CityFibre fail to yield a deal. News of the potentially imminent takeover of FibreNation by CityFibre comes as the Labour Party announced it would nationalise BT Group's broadband infrastructure division, Openreach, in order to provide free broadband to British households by 2030. Announced in February 2018, TalkTalk said it would fund 20% of the new FibreNation venture, with Infracapital, a fund backed by the insurer Prudential, providing the majority of the capital. However, the discussions with Infracapital stalled amid a dispute over the valuation of TalkTalk's existing full-fibre network in York.

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Wednesday, November 13


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Wi-Fi Now Awards TalkTalk and ASSIA with "Best In-home Wi-Fi Product"

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"Our vendor-neutral solutions enable service providers like TalkTalk to innovate and select the equipment of their choice, knowing that CloudCheck optimizations will interoperate with future technologies and standards. That is a major reason ASSIA is a significant contributor and participant of standards bodies such as BBWF, WFA, WBA, Prpl, and IEEE." The award submission was a partnership with ASSIA customer TalkTalk and included QoE results from the TalkTalk Wi-Fi Hub's use of the CloudCheck platform which performs over 20 million optimizations a day resulting in a:. In addition, the ASSIA CloudCheck platform incorporates new artificial intelligence-based algorithms that relate operational network stability metrics to consumer QoE in its diagnostics and optimization methods. Adaptive Spectrum and Signal Alignment, Inc. (ASSIA®) develops innovative technologies for service providers that improve internet connectivity worldwide. ASSIA's market-leading AI-driven solutions make internet connections run faster and more reliably by optimizing the performance of whatever infrastructure is in place, including copper, fiber, Wi-Fi 6, and 5G. When internet service providers deploy ASSIA solutions, they grow revenues, increase customer satisfaction, improve operational efficiencies, and deliver new multimedia content to the broadband and Wi-Fi-enabled home. As a result, internet users have a better quality of experience at an affordable cost. ASSIA is a strategic partner and trusted solutions vendor to over 38 service providers worldwide with more than 125 million broadband and Wi-Fi lines under contract in 18 countries, across 5 continents. ASSIA was founded and is led by Dr. John Cioffi, renowned expert in DSL technology and professor emeritus of electrical engineering at Stanford University.

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Friday, November 08


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Talktalk Telecom Group (LON:TALK) Receives “Neutral” Rating from UBS Group – TechNewsObserver

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Talktalk Telecom Group (LON:TALK)‘s stock had its “neutral” rating reissued by equities research analysts at UBS Group in a report issued on Friday, ThisIsMoney.Co.Uk reports. Morgan Stanley reiterated an “equal weight” rating on shares of Talktalk Telecom Group in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Talktalk Telecom Group has a one year low of GBX 91.65 ($1.20) and a one year high of GBX 134.40 ($1.76).

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Sunday, November 03


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Liberty Sirius XM Group Series A (NASDAQ:LSXMA) versus TALKTALK TELECO/ADR (NASDAQ:TKTCY) Financial Survey – Riverton Roll

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We will contrast the two businesses based on the strength of their dividends, institutional ownership, valuation, earnings, analyst recommendations, profitability and risk. Liberty Sirius XM Group Series A does not pay a dividend. Liberty Sirius XM Group Series A has a beta of 1.2, indicating that its stock price is 20% more volatile than the S&P 500. The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc., transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada.

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Sunday, October 27


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Comparing TALKTALK TELECO/ADR (OTCMKTS:TKTCY) & Liberty Sirius XM Group Series A (OTCMKTS:LSXMA)

TALK

We will compare the two businesses based on the strength of their risk, valuation, profitability, earnings, dividends, analyst recommendations and institutional ownership. Liberty Sirius XM Group Series A has a consensus target price of $62.00, indicating a potential upside of 42.73%. 27.5% of Liberty Sirius XM Group Series A shares are held by institutional investors. Comparatively, Liberty Sirius XM Group Series A has a beta of 1.19, suggesting that its stock price is 19% more volatile than the S&P 500.

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