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TalkTalk has secured a £100m capital injection from existing backer Ares Management, according to Sky News.
The outlet reports that the funding will be provided in two tranches with £60m set to be released imminently.
Sky cites a source close to the situation that TalkTalk has also raised a £50m from two disposables in March and June from the sale of non-core customers to Utility Warehouse.
There was also an in-principal agreement to defer cash interest payments and to capitalise those, which would be worth approximately £60m.
TalkTalk recently hired Alvarez &Marsal as advisors to assists with its finance function.
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