Daisy Group in £175m swoop for TalkTalk business

Daisy has a data centre and offices in Nottingham

Daisy Group, the telecoms firm which has a substantial presence in Nottingham and Northampton, is set to seal a £175m deal to buy part of TalkTalk’s business-to-business (B2B) arm.

TalkTalk revealed a deal today (24 May) that will consist of around 80,000 business customers transferring to Daisy.

Daisy is an existing partner of TalkTalk, meaning all customers would continue to be served by the TalkTalk network.

TalkTalk’s chief executive, Tristia Harrison, said: “Last year we set out a strategy to radically simplify the business, focussing on fewer priorities that offer the best growth potential. TalkTalk has real strength in the Partner and Wholesale markets, where we have scale and a clear leadership position. It represents the vast majority of our revenue and profit and we see real opportunity to continue growing at pace. This proposed deal would allow us to focus on growth in those core B2B markets, whilst also removing significant complexity and cost from the business.

“As an existing strategic partner, Daisy is well placed to serve all direct customers, who would remain on our network and provide ongoing revenue.”

Daisy Group is the UK’s largest independent provider of business communications, IT and cloud services. It employs 4,000 people across the UK. It has warehousing, business continuity and office facilities in Northampton and Nottingham, as well as a data centre in the latter.

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