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UK's TalkTalk scraps plan to sell its direct B2B business

Reuters - UK Focus

June 29 (Reuters) - British broadband company TalkTalk Telecom Group Plc said on Friday it decided to scrap a plan to sell its direct business-to-business unit to Daisy Group.

TalkTalk did not provide a reason for the decision, but said it will continue to manage all direct B2B business.

The UK firm said in May it would sell its direct business-to-business unit to Daisy Group for 175 million pounds, in a move aimed to overhaul its business strategy.

The company also on Friday stuck to its earnings before interest, taxes, depreciation and amortization (EBITDA) forecast for the current year.

(Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)