TalkTalk

The UK government has stepped into BT's proposed takeover of TalkTalk, with the Secretary of State for Digital, Culture, Media and Sport using Enterprise Act powers to intervene in the deal. The move means the acquisition will face formal scrutiny over public interest concerns before it can proceed, drawing attention across the UK telecoms sector.

BT has agreed a rescue deal to acquire broadband provider TalkTalk, according to BBC News. The move would see one of the UK's largest telecoms firms take over the budget broadband operator, a long-time rival in the residential market. The deal is being described as a rescue, suggesting TalkTalk had been under financial pressure, and it would further consolidate the UK broadband sector under BT's ownership.