News

TalkTalk Buys Blinkbox and Tesco Broadband for £5m

UK internet service provider TalkTalk has confirmed the purchase of Tesco’s loss-making video streaming service Blinkbox, in a deal that includes 75,000 Tesco broadband customers and 20,000 landline customers, for £5 million. TalkTalk have acquired none of the debt accrued by the struggling video-on-demand business.

Blinkbox co-founder Adrian Letts has been made Managing Director of TalkTalk’s TV service as part of the deal.

Dido Harding, Chief Executive of TalkTalk, said of the move, “Since launch, TalkTalk TV has demonstrated its popularity with value-seeking customers to become the UK’s fastest growing TV service.”

“We are excited about the opportunity that Blinkbox’s platform and technology expertise bring, and which will significantly accelerate the development of our TV platform. The purchase of Tesco’s broadband base is another example of TalkTalk leveraging its national network to grow faster.”

Source: The Guardian

Ashley Allen

Disqus Comments Loading...

Recent Posts

Nvidia’s GeForce RTX 5090 Possible Price Revealed

According to a new report, the GeForce RTX 5090 GPU will be very expensive. It…

5 hours ago

AMD Krackan Processor with 6 Zen 5 and Zen 5c Cores for Budget AI Laptops Leaked

A new AMD processor in the form of an engineering model has been leaked in…

5 hours ago

SK Hynix Begins Production of First 321-Layer NAND Chips

SK Hynix has claimed to be the first company to mass-produce 321-layer NAND memory chips.…

6 hours ago

Trust Gaming GXT 609 Zoxa 2.0 PC Speakers

SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…

10 hours ago

PowerA Wired Controller for Nintendo Switch

Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…

10 hours ago

Logitech G Saitek PRO Flight Rudder Pedals

Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…

10 hours ago