TalkTalk Refinancing update: One step forward, two steps back
TalkTalk has announced a successful completion of their current refinancing to push out bond maturities to end 2027/ start 2028. However, new cashflow guidance given for FY25 leaves a far bigger hole than we had previously forecast and makes us even more concerned on the credit than before.TalkTalk Telecom Group provides telecommunication services to retail and B2B customers. Co. provides customers a range of Fixed Low Price Plans, which comprised of: Fast Broadband, a broadband plan designed to cater for the needs of individual users or households that do not require increased download speeds available via a fibre connection; and Faster Fibre Broadband, a broadband plan designed for households with a number of devices that need to be connected to the internet at the same time. In the Direct channel, Co. provides a range of data connectivity solutions, from business broadband and fibre, through to Ethernet circuits and Wide Area Networks.
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