Key facts
- TalkTalk's wholesale division is PlatformX Communications (PXC).
- PXC has reportedly attracted multiple competing bids.
- Telecel Group has made an offer for PXC.
- Private equity firm Epiris is linked to the sale process.
- Octopus Investments is also linked to the sale process.
- Valuations for PXC reportedly range from £400 million to £450 million.
TalkTalk's wholesale division, PlatformX Communications (PXC), has reportedly drawn multiple rival bids. Among the interested parties is Telecel Group, a pan-African operator. The sale process is also reportedly attracting interest from private equity firm Epiris and Octopus Investments. Valuations for PXC are currently estimated to be in the range of £400 million to £450 million. The specific details of the bids and the ongoing negotiations have not been fully disclosed, but the presence of multiple bidders suggests a competitive process for the acquisition of PXC.