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Acquisition Update

3 Aug 2010 09:25

RNS Number : 4179Q
TalkTalk Telecom Group PLC
03 August 2010
 

RNS Announcement

 

Tuesday 3rd August 2010

 

For Immediate Release

 

TalkTalk Telecom Group PLC ("Company")

 

Acquisition Update

 

The Company is pleased to announce that agreement has been reached with Tiscali S.p.A. regarding the final purchase price for our acquisition by the Company of Tiscali's UK operations in July 2009. This has resulted in a £21 million reduction in consideration in respect of previously announced changes in customer numbers, partially offset by a £6 million working capital adjustment. This results in a £15 million net cash benefit for the Company which is in line with previous guidance.

 

Amy Stirling

Chief Financial Officer

0203 417 1034

 

Christian Maher

Oakley Capital Corporate Finance

0207 766 6933

07900 243308

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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ACQGMGGRRFLGGZG
Date   Source Headline
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22nd Mar 201811:33 amRNSDirector/PDMR Shareholding
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29th Dec 201710:24 amRNSHolding(s) in Company
17th Nov 201711:54 amRNSHolding(s) in Company
15th Nov 20177:00 amRNSDirectorate Change

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