News Summary

• BT bought TalkTalk Telecommunications Limited and PlatformX Communications Limited, the wholesale business, on a debt-free basis.
• TalkTalk reported revenue of about £1.2bn over the last 12 months and was loss-making.
• Virgin Media O2 objects to the deal, saying it has all the characteristics of a stitch up masked as a rescue deal in the public interest.
• The Competition and Markets Authority (CMA) will report to Lisa Nandy, the Secretary of State for Digital, Culture, Media and Sport.