News : TalkTalk Buys Movie Platform Blinkbox from Tesco
Warrington, UK Jan 8, 2015 -- Phone and internet group TalkTalk has acquired the blinkbox movies business and the Tesco broadband and voice base from Tesco Plc.
TalkTalk employs around 1,000 staff at a Warrington call centre.
Blinkbox will help accelerate the development of TalkTalk's platform by delivering a number of key initiatives significantly faster, such as offering a TV app to customers for in and out of home access to paid-for content across a range of devices.
The integration of blinkbox with TalkTalk’s existing TV business is expected to begin immediately with the benefits of restructuring the combined platform and revenue synergies expected to flow from the end of 2015.
As part of the same deal the group has also acquired Tesco’s broadband and voice base which will enable it to further develop its national network.
As with the recent acquisition of the Virgin Media National base, customers will be transferred across to the TalkTalk network over the coming months.
Posted by Veronica Silva Cusi, news correspondent
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About TalkTalk Group:
TalkTalk is the United Kingdom's leading value for money provider of fixed line broadband and voice telephony services to consumers and business users. The group serves over 4.8 million customers across the UK under the TalkTalk, AOL Broadband and TalkTalk Business brands. Over the past five years, through a combination of organic growth and acquisitions, TalkTalk has built one of UK's largest broadband and voice customer bases.
Tesco operates 2,291 stores around the world and employs 296,000 people. The company has grown from a domestic retailer to an International Group through its organic growth program. Tesco has a four part corporate strategy that includes the core UK business, non-food business, retailing services, and international operations.
Published: Monday, January 12, 2015