Latest in Blinkbox

Image credit:

TalkTalk buys Tesco's Blinkbox and broadband services

Matt Brian, @m4tt
01.08.15
70 Shares
Share
Tweet
Share
Save

Sponsored Links

It's been a long time coming, but Tesco has finally offloaded its loss-making streaming service Blinkbox. At the end of the last year, it looked increasingly likely that TalkTalk has positioned itself as the favourite to buy the service, and today the quad-play provider confirmed a deal has been reached. According to TalkTalk, Blinkbox's integration with its existing TV business will "begin immediately," with the benefits of the merger expected to show themselves by the end of the year.

Blinkbox wasn't the only thing on TalkTalk's shopping list, though. As part of its agreement with Tesco, the company has also picked up the supermarket's broadband and voice services, bagging an estimated 75,000 internet and 20,000 voice households in the process. Tesco says that by offloading those services it will reduce its £1 billion capital expenditure budget for the coming year, allowing it to concentrate on fixing months of negative growth.

However, today's deal stands to strengthen TalkTalk's position in the broadband and TV market, after Sky, Virgin and BT began consolidating their services in recent months. Of course, BT is still negotiating the £12.5 billion buyout of EE, which appears to have motivated rivals to invest more in their own services in the face of increased competition.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
70 Shares
Share
Tweet
Share
Save

Popular on Engadget

The best mobile devices for students

The best mobile devices for students

View
Porsche streamlines the Taycan EV’s infotainment system

Porsche streamlines the Taycan EV’s infotainment system

View
Lenovo’s Smart Clock becomes a more capable home hub

Lenovo’s Smart Clock becomes a more capable home hub

View
Wirecutter's best deals: Save $60 on an Acer Chromebook 11

Wirecutter's best deals: Save $60 on an Acer Chromebook 11

View
Samsung Galaxy Note 10+ review: Weird, but in a good way

Samsung Galaxy Note 10+ review: Weird, but in a good way

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr