Meanwhile Charles Bligh has been named as the head of a new full fibre joint venture formed by TalkTalk and Infracapital, with BT veteran Paul Reynolds to become its chairman, with a formal announcement expected to coincide with the publication of results. TalkTalk has gone into the red after announcing the £ ##70 m ( $ 158 m ) cost of a restructuring plan . In the year to 31 March , the company reported pre - tax losses of £ 73 m , compared with a profit of £ 70 m the previous year , despite posting its biggest - ever quarterly net growth in new customers , up 109,000 in the final quarter . TalkTalk also announced the appointment of Nick Bligh as head of a full service joint venture with Infracapital , alongside Paul Reynolds , formerly of BT , as its chairman .
TalkTalk has gone into the red after announcing the £ ##70 m ( $ 158 m ) cost of a restructuring plan . In the year to 31 March , the company reported pre - tax losses of £ 73 m , compared with a profit of £ 70 m the previous year , despite posting its biggest - ever quarterly net growth in new customers , up 109,000 in the final quarter . TalkTalk also announced the appointment of Nick Bligh as head of a full service joint venture with Infracapital , alongside Paul Reynolds , formerly of BT , as its chairman .