TalkTalk's Wholesale Arm PXC Reportedly Receives Bids From Several Parties

Telecel Group bids for TalkTalk's UK wholesale arm PXC

Telecel Group, the pan-African telecommunications operator co-founded and run by chief executive Moh Damush, has submitted a bid for PlatformX Communications, the wholesale infrastructure business that UK operator TalkTalk has put up for sale.A successful deal would rank among the largest cross-border acquisitions ever attempted by an African-headquartered telecom group, pushing a company built on African mobile networks into the heart of Britai…

TalkTalk's Wholesale Arm PXC Reportedly Receives Bids from Several Parties

The heavily indebted UK broadband focused TalkTalk Group has reportedly received bids for its wholesale arm, PlatformX Communications (PXC), which is said to value the company in the “hundreds of millions of pounds“. The interest is said to have come from Africa-focused Telecel, as well as others like private equity firm Epiris, which has teamed up with PXC executive chairman Tom O’Hagan. In case the name Tom O’Hagan seems familiar then that’s b…

Why Telecel Group’s Bid for TalkTalk PlatformX Communications Could Reshape Global Telecom Infrastructure - Commonwealth Union

The international telecommunications scene is seeing a major shift in cross-border infrastructure investments as Africa-focused conglomerate Telecel Group has officially entered the competitive bidding process for the wholesale telecommunications business of UK-based TalkTalk Telecom Group. Telecel has made a firm offer for PlatformX Communications (PXC), the British service provider’s dedicated wholesale asset operations unit, said people famil…