TalkTalk dials up £100m investment from Ares Management

UK’s TalkTalk Strikes £100 Million Funding Deal From Backer Ares

Struggling UK broadband provider TalkTalk Telecom Group Plc agreed to a new £100 million ($134 million) funding deal from its backer Ares Management Corp., less than a year after completing a major financial restructuring.

TalkTalk dials up £100m investment from Ares Management

The funding injection from existing backer Ares forms part of a broader package worth about £200m including asset sales and the deferral of interest payments, Sky News learns.

Salford’s TalkTalk secures £100m of new funding – Northern Financial Review

Salford-based broadband giant TalkTalk Group has confirmed “a commitment from an existing shareholder on £100m of new funding facilities to be made available to the group” — less than a year after completing a big financial restructuring. Bloomberg News reported that the new funding is from TalkTalk backer Ares Management. TalkTalk said the new funding facilities have been arranged in conjunction with a number of other actions, including £50 mil…

Broadband ISP TalkTalk Confirms £100m UK Funding Deal UPDATE2

The debt strained TalkTalk Group, which has recently been going through another turbulent time due to payment disputes with suppliers and reports of a possible sale (here, here and here), has secured an additional £100m funding deal from existing shareholder Ares Management. This may be enough to reduce some of the financial pressures. The group previously secured a crucial refinancing package worth c. £400m in September 2024 (here and here), wh…