UK fixed-line and broadband group TalkTalk is a potential takeover target for UK mobile giant Vodafone, according to the FT citing analysts at Liberum Capital.
The analysts believe that TalkTalk will be bought in the “longer term”, quite possibly by…
UK fixed-line and broadband group TalkTalk is a potential takeover target for UK mobile giant Vodafone, according to the FT citing analysts at Liberum Capital.
The analysts believe that TalkTalk will be bought in the “longer term”, quite possibly by Vodafone. The UK mobile operator, they say, is increasingly trying to sell more services within a narrower geographic focus. TalkTalk is an “obvious candidate”, they said. The note sent the share up 2.9% to 136p, where it remains now.
The company has a market cap of £1.26bn. Analysts estimate that chairman Charles Dunstone holds a stake of around 30%.
The company declined comment.
