The proposed £175m takeover of TalkTalk's B2B business by Daisy, a North West-based provider of end-to-end technology and communications has been pulled. The communications giant signed heads of terms with Daisy Group in May regarding a proposed transaction which would have included about 80,000 small office/home office (SoHo), SME and large enterprise clients. Daisy is an existing strategic partner of TalkTalk, meaning all customers would have continued to be served by the same network. The transaction was set to further strengthen TalkTalk's balance sheet, which in turn would have allowed for continued investment in sustainable growth and plans to build a full fibre network for three million homes and businesses. However, it has now been called off, with the duo having "jointly agreed not to proceed". Instead, TalkTalk will continue to manage all direct B2B business operations.
The deal to sell Daisy Group ’s two unit to TalkTalk has collapsed after the two companies jointly agreed not to proceed. In May , it was agreed that Daisy would pay £175m for the company, which serves two small businesses in a deal that would strengthen TalkTalk ’s balance sheet and allow it to focus on providing network capacity to resellers in the enterprise market.