BT Group

BT has approached the UK government for clearance over a potential takeover of broadband provider TalkTalk, according to the Financial Times. The move comes as TalkTalk, owned by TalkTalk Group, issues strategic updates on the possible sale of its UK broadband business and its enterprise arm PXC. A deal would consolidate the UK telecoms market further, bringing one of the country's largest budget broadband brands under BT's control, and is likely to face regulatory scrutiny.

BT Group has been asked to grant a payment waiver as negotiations over a potential rescue of TalkTalk intensify. Sky News reports the request comes as the broadband provider seeks breathing room on its obligations during the talks. The development highlights the financial strain behind the scenes of the UK telecoms rescue discussions, with BT's response seen as a key factor in whether a deal can proceed.