UK broadband provider TalkTalk in final talks to sell divisions to avoid collapse

TalkTalk, the UK's fourth-largest broadband provider, is in advanced talks to sell its consumer and wholesale divisions to avoid administration. The company, which serves about 1.5 million customers, is negotiating with Opus Broadband for its consumer arm and Octopus Investments for its wholesale business PXC. The government is involved due to TalkTalk's role in national security networks. If the deals fail, TalkTalk could collapse, and BT may take on its customers. The company has been struggling with debt and competition from smaller providers.