TalkTalk, the UK mobile operator, is extending payment terms to its suppliers as it grapples with debt and cashflow concerns. According to The Telegraph, the company is extending its credit terms “to some suppliers,” by as much as 300 days in an effort to shore up its cash reserves. With the total amount owed to suppliers standing at £590m at the end of August, the mobile operator also makes use of its supply chain finance programme.
TalkTalk faces two issues: growing debt costs and the need to refinance its debts in 2024.
