TalkTalk to take on new phone and internet customers after agreeing deal with major energy supplier
08.08.2022 - 11:29
/ manchestereveningnews.co.uk
Salford-headquartered communications giant TalkTalk has agreed to acquire SSE Phone & Broadband from OVO Energy.
The deal is expected to be completed in the autumn and will see the company take on an unspecified number of new customers. It has also not been revealed how much the deal is worth.
The move comes after reports emerged last month that a move to takeover TalkTalk, the internet giant that went back into private hands in a £1.1bn deal last year, is being eyed up by Virgin Media O2. The potential deal could value the company at in the region of £3bn.
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In 2020, SSE Phone & Broadband was acquired by OVO Energy as part of its purchase of SSE Energy Services from SSE plc.
SSE, which owned SSE Phone & Broadband prior to its sale to OVO Energy in 2020, has given permission for the SSE brand to be used under licence until April 2023 to support a "smooth transition" to TalkTalk.
A TalkTalk spokesperson said: "We are delighted to be welcoming SSE Phone & Broadband customers and team to TalkTalk this autumn.
"As the country’s only scale affordable provider, we look forward to providing our high-quality service at the best possible value."
OVO Energy added: "The sale is part of OVO’s strategy to focus on the decarbonisation of the home and its ambitions through Plan Zero to become a net zero business.
"This provides the best result for SSE Phone & Broadband customers and the team due to TalkTalk’s expertise and focus in the area. Employees have been informed of the changes and consultations will continue with trade unions and employee representatives."
TalkTalk was founded by Sir Charles Dunstone and was spun out of Carphone Warehouse in 2010. It