Ares demands BT payment as TalkTalk teeters on brink of administration

Ares Management is seeking a multimillion pound payment from BT Group as TalkTalk lurches towards an insolvency which could happen as soon as Monday, Sky News learns.BT Group, the FTSE-100 telecoms giant, is this weekend locked in negotiations with TalkTalk Telecom Group’s largest creditor as one of Britain’s biggest broadband suppliers teeters on the brink of collapse.