TalkTalk Macquarie to buy a 40% stake in PlatformX for £450m?
Like London buses, you wait for ages, and then two come at once.....so following reports over the weekend that TalkTalk is in talks with VMO2, Sky news is now reporting that Macquarie could enter exclusive talks to invest £450m for a ‘40% or slightly more’ stake in TalkTalk’s wholesale platform (‘PlatformX’). This would imply a valuation for the platform of £1.1bn, considerably higher than our valuation of asset.TalkPool AG is a Switzerland-based company that designs, implements and maintains mobile and fixed-line telecommunication networks, as well as networks and product solutions for the Internet of Things (IoT). It delivers a comprehensive range of network design, engineering, implementation and managed services designs for telecommunications operators, system vendors and contractors. The Company also develops monitoring systems in buildings with real time applications for building owners and occupants. It operates in approximately 15 countries, such as Switzerland, Germany, Sweden, the United States, Mexico, Haiti, Kenya, Tanzania, Zimbabwe, Uganda, Mauritius, Zambia, Botswana, Pakistan and Saudi Arabia. The Company operates through a global partnership of joint ventures and franchises.
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
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We provide debt research on:
- Pan European Telecom Services and Cable
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