Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Goldman-backed CityFibre looks to buy TalkTalk's network company - Sky News

Goldman-backed CityFibre looks to buy TalkTalk's network company - Sky News
FILE PHOTO: A man passes a branded logo outside the Talktalk headquarters in London, Britain May 10, 2017. REUTERS/Neil Hall -
Copyright
Neil Hall(Reuters)
Euronews logo
Text size Aa Aa

(Reuters) – Goldman Sachs-backed British broadband operator CityFibre has tabled a bid for rival TalkTalk’s network company FibreNation, a Sky News report said on Wednesday, sending TalkTalk’s shares up 2.4%.

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 an earlier plan to team up with M&G Prudential.

TalkTalk and CityFibre did not immediately respond to a Reuters request for comment.

(Reporting by Tanishaa Nadkar in Bengaluru; editing by Arun Koyyur)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.