TFP Telecoms completed the acquisition of TalkTalk Business Direct from TalkTalk Telecom Group for $145m.

TFP Telecoms, a special purpose vehicle controlled by the main shareholders of TalkTalk Telecom Group, completed the acquisition of TalkTalk Business Direct, a provider of B2B voice, data, system and mobile services, from TalkTalk Telecom Group, a company that provides pay television and Internet access services to businesses and consumers in the United Kingdom, for $145m. “The transaction delivers both investment for growth for Business Direct, as well as a long-term revenue agreement for our wholesale platform. This is good news for customers and colleagues alike, and is an important first step in our demerger plans,” Tristia Harrison, TalkTalk Group CEO.