TalkTalk has been hit by financial difficulties and customer exodus but it is thought no approach has been made

BT is weighing up a potential takeover of the rival telecoms and broadband company TalkTalk, which is struggling amid financial difficulties and a customer exodus.

The UK’s biggest broadband provider is understood to have discussed the strategic possibility of buying TalkTalk. However, it is understood no approach has been made or talks held with TalkTalk, and that bankers have not been asked to draw up takeover plans.