Salford-headquartered communications giant TalkTalk has agreed to acquire SSE Phone & Broadband from OVO Energy. The deal is expected to be completed in the autumn and will see the company take on an unspecified number of new customers.
It has also not been revealed how much the deal is worth. The move comes after reports emerged last month that a move to takeover TalkTalk, the internet giant that went back into private hands in a £1.1bn deal last year, is being eyed up by Virgin Media O2.
The potential deal could value the company at in the region of £3bn. READ MORE: Click here to sign up to the BusinessLive North West newsletter In 2020, SSE Phone & Broadband was acquired by OVO Energy as part of its purchase of SSE Energy Services from SSE plc.
SSE, which owned SSE Phone & Broadband prior to its sale to OVO Energy in 2020, has given permission for the SSE brand to be used under licence until April 2023 to support a "smooth transition" to TalkTalk.
Read more on manchestereveningnews.co.uk
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