BT asked for payment waiver as TalkTalk rescue negotiations intensify

BT asked for payment waiver as TalkTalk rescue negotiations intensify

The private equity firm which wants to buy the wholesale arm of struggling TalkTalk Telecom Group has approached BT Group to seek relief from payments worth over £100m in order to push a rescue deal through.

TalkTalk bidder asks Openreach to waive UK wholesale broadband charges

The lead bidder, Epiris, for part of the debt-ridden TalkTalk Group, which is now in the final stage of its turbulent efforts to dispose of both their consumer broadband ISP business and the PXC (PlatformX Communications) wholesale business, has reportedly asked network supplier Openreach (BT) to waive several months of payments to support a rescue deal. Just to recap. Private equity firm Epiris have been attempting to secure a deal for TalkTalk…