TalkTalk to buy rival SSE

TalkTalk has brokered a deal to acquire SSE Phone & Broadband from Ovo Energy, a move that could add around 100,000 customers to its portfolio.
The companies have not shared a valuation for the deal, but it’s not likely to be huge; Ovo acquired SSE Energy Services Group, of which the broadband business forms a small part, two and a half years ago for £500 million. But the deal is interesting because the acquirer is itself the subject of endless M&A speculation in the UK.
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