TalkTalk has lost its general manager responsible for "ultrafast broadband" to rival Virgin Media. The company said it had appointed former Sky Broadband chief executive Mike Wright as the new head of broadband in Ireland. TalkTalk is to invest £1.5bn ($2.1bn) to deploy fibre-to-the-home to three million UK premises, the new company created for the venture will be majority-owned by Infracapital, which will contribute £400m towards the project.
TalkTalk has lost its general manager responsible for "ultrafast broadband" to rival Virgin Media. Richard Sinclair will join Virgin as executive director of connectivity; there is speculation that his departure after four years at TalkTalk may be related to a business reorganisation related to the partnership with M&G's Infracapital announced in February. TalkTalk is to invest £1.5bn ($2.1bn) to deploy fibre-to-the-home to three million UK premises, the new company created for the venture will be majority-owned by Infracapital, which will contribute £400m towards the project.