IT Blog

LONDON (Reuters) – British broadband supplier TalkTalk (TALK.L) said it had agreed to sell its fiber network, which initially built ultra-fast connections in the northern city of York, to Goldman Sachs-backed CityFibre for 200 million pounds ($260 million).

TalkTalk said it had agreed a wholesale agreement with CityFibre for its residential and business customers in the areas in which it builds networks, a deal that would help underpin the fiber network operator’s expansion.