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The Guardian - UK

Business

Mark Sweney

TalkTalk races to sell consumer and broadband arms as administration looms

TalkTalk Opus Charles Dunstone

Charles Dunstone founded TalkTalk in 2003. He and its other owners will have to write off about £1bn if the deals go through. Photograph: Neil Hall/Reuters

TalkTalk is scrambling to secure its future amid the threat of administration, closing in on deals to sell its consumer and broadband arms as it seeks to save 900 jobs.

The telecoms company said on Friday it was in the final stages of sealing deals to sell its consumer business as well as its wholesale operation, PXC.

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