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Tom Saunders, James Warrington TalkTalk's lenders are considering legal action if BT is given approval to mount a rescue deal for the struggling broadband business. Lenders have warned of a significant risk of lengthy legal proceedings if the former state monopoly swoops on TalkTalk. Ares Management is TalkTalk's biggest lender. BT has mounted an eleventh-hour attempt to take control of TalkTalk, which is scrambling to stave off a looming insolvency.
TalkTalk's lenders are considering legal action if BT is given approval to mount a rescue deal for the struggling broadband business. Lenders have warned of a significant risk of lengthy legal proceedings if the former state monopoly swoops on TalkTalk. Ares Management is TalkTalk's biggest lender. BT has mounted an eleventh-hour attempt to take control of TalkTalk, which is scrambling to stave off a looming insolvency.
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