TalkTalk Secures £400m Refinancing to Avoid Collapse

Founder Sir Charles Dunstone leads £65m initial injection with further investments and asset consolidations planned.

TalkTalk's refinancing package includes an immediate £65m injection, with a total of £400m planned.
Lenders have extended debt deadlines to 2027, providing crucial breathing space for the company.
Assets from Virtual1, Ovo, and Shell internet brands will be consolidated into TalkTalk.
The company faced potential collapse due to a £1bn debt load and declining customer base.
CEO Tristia Harrison will step down next month, to be replaced by CFO James Smith.