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Britain's TalkTalk sells its fibre network to CityFibre for 200 mln stg

Tue, 21st Jan 2020 07:17

LONDON, Jan 21 (Reuters) - British broadband supplier
TalkTalk said it had agreed to sell its fibre network,
which initially built ultra-fast connections in the northern
city of York, to Goldman Sachs-backed CityFibre for 200 million
pounds ($260 million).

TalkTalk said it had agreed a wholesale agreement with
CityFibre for its residential and business customers in the
areas in which it builds networks, a deal that would help
underpin the fibre network operator's expansion.

($1 = 0.7689 pounds)
(Reporting by Paul Sandle; editing by James Davey)

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