Nov 21, 2018

New TalkTalk company to build broadband network in north of England

TalkTalk has created a new company to invest in expanding its full fibre network despite an agreement with financial investor Infracapital falling through. The broadband company has formed a new company called FibreNation that will own its full fibre network in York. TalkTalk said it remains in negotiations with investors, including Infracapital, over a new deal. Charles Bligh, the TalkTalk veteran who was leading the push to form a new fibre company has left the company and will be replaced by Neil McArthur who was the founder of Opal Telecom, TalkTalk's business unit. Tristia Harrison, chief executive of TalkTalk, said: "This has been a strong first half for TalkTalk, with continued broadband base growth and further progress as we become a simpler, more efficient business."

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