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Deal scrapped as market uncertainties spook TalkTalk, VMO2; UFO sightings dismissed

31 Oct 2022

The proposed sale of UK ISP TalkTalk to domestic rival Virgin Media O2 (VMO2) has been abandoned due to market and regulatory uncertainties, The Telegraph reports. Preliminary discussions over a takeover commenced in July this year, with sources indicating that a potential deal could be worth as much as GBP3 billion (USD3.5 billion).

In other news, ISP Review has reported that customers using TalkTalk’s Ultra Fibre Optic (UFO) fibre-to-the-premises (FTTP) broadband service in the City of York have been informed that the service is being discontinued. The ISP told subscribers: ‘We’re getting in touch to let you know that your current Ultra Fibre Optic broadband service is coming to the end of its life. This is happening because Ultra Fibre Optic was one of the first trials of full fibre broadband in the UK, and some of the equipment is becoming obsolete and needs to be replaced.’ The UFO network was originally launched in 2015, as part of a partnership with Sky Broadband and CityFibre.

United Kingdom, CityFibre (incl. FibreNation), Sky, TalkTalk, Virgin Media O2 (VMO2)