{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Cloud 9fin","title":"Distressed Diaries — Can UK telcos come out together to weather the storm?","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/570812bf\"></iframe>","width":"100%","height":180,"duration":1693,"description":"The UK telecoms sector is currently facing significant financial and debt pressure, hitting major operators and altnets alike.\n\nMost recently, BT agreed to buy TalkTalk’s consumer and wholesale businesses out of administration for around £400m, a deal that has drawn sharp criticism from Virgin Media, which called it a ”stitch-up masked as a rescue”.\n\nMeanwhile, CityFibre is back to negotiating with the creditors on its £3.8bn debt stack one year after its last restructuring.\n\nIn this episode of Distressed Diaries, host and senior reporter Bianca Boorer and senior distressed debt analyst Denitsa Stoyanova speak with Michael Weyrich, head of EMEA transformation at FTI Consulting about why the UK telecoms sector is struggling, whether consolidation can fix some of these issues and how they can deal with their burgeoning debt stacks.","thumbnail_url":"https://img.transistorcdn.com/Ct-LyAY39ezUDdlJpLn-ot9823EZfHGgwNgEVlhXOEg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zMDNl/Mjg3MDMzODFhYTNi/NTVkNTViN2ViYzYx/OGIwZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}