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Britain's TalkTalk sells its fibre network to CityFibre for 200 mln stg

Reuters - UK Focus

LONDON, Jan 21 (Reuters) - British broadband supplier TalkTalk said it had agreed to sell its fibre network, which initially built ultra-fast connections in the northern city of York, to Goldman Sachs-backed CityFibre for 200 million pounds ($260 million).

TalkTalk said it had agreed a wholesale agreement with CityFibre for its residential and business customers in the areas in which it builds networks, a deal that would help underpin the fibre network operator's expansion.

($1 = 0.7689 pounds) (Reporting by Paul Sandle; editing by James Davey)