Telecoms giant TalkTalk puts 50 jobs at risk as it prepares to sell £150m division

manchestereveningnews.co.uk:

Salford-headquartered telecoms giant TalkTalk has put 50 jobs at risk of redundancy as it prepares to sell off a major division.

The company is splitting its operations in three as it gears up to sell its business-to-business division which has previously been valued at £150m.

Possible suitors for the arm include Sky and Lancashire-based Daisy Group. The firm will reorganise itself into three divisions: TalkTalk Consumer, TalkTalk Business Direct and the wholesale business, with a formal demerger expected to be completed by March 1 next year. READ MORE: Click here to sign up to the BusinessLive North West newsletter READ MORE: The Co-op falls into the red as its sales are slashed by over £200m The move comes after TalkTalk was taken private in 2021 in a £1.1bn deal.

Its B2B division was previously linked with a possible £175m takeover with Daisy in 2018 but a deal was never completed. TalkTalk was first established in Leeds as a subsidiary of Carphone Warehouse before being demerged as a standalone company in March 2010.