Key facts
- Ares Management has demanded a payment from BT Group.
- TalkTalk is reportedly close to administration.
- Potential buyers are in talks to acquire parts of TalkTalk.
- The break-up valuation for TalkTalk is estimated at £200 million.
Ares Management has reportedly demanded a payment from BT Group as the telecommunications company TalkTalk teeters on the brink of administration. 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 situation indicates significant financial distress for TalkTalk, prompting urgent negotiations with potential acquirers.