Key facts
- BT Group is nearing a deal to rescue TalkTalk, which is reportedly close to administration.
- Ares Management has demanded payment from BT Group.
- Several potential buyers are in discussions to acquire parts of TalkTalk.
- TalkTalk's estimated break-up valuation is £200 million.
BT Group is reportedly close to a deal to rescue the struggling broadband provider TalkTalk, which is nearing administration. Ares Management has demanded payment from BT Group as part of the ongoing situation. Sky News reported that several potential buyers are in discussions to acquire parts of TalkTalk, with the company's break-up valuation estimated at £200 million. The Telegraph reported that BT's rivals have warned of a potential legal row over the rescue deal.