TalkTalk sells business unit to shell company as it prepares to split into three

Tristia Harrison will lead a new transition board overseeing the breakup

The Telegraph reported last week that Tristia Harrison had taken over from CEO in 2017, will step down early next year.

She will lead a new transition board overseeing the breakup before taking a seat on the wholesale division's board in March.

Ms Harrison said: “This transaction provides both an investment in the growth of Business Direct and a long-term revenue agreement for our wholesale platform.

“This is good news for both customers and colleagues and is an important first step in our separation plans.”