The £1.1bn takeover of TalkTalk has cleared its final hurdle ahead of completing at the end of this week.
Tosca IOM is behind the deal after having first made a non-binding proposal in October 2020.
TalkTalk has now confirmed that at the hearing held earlier today, the High Court of Justice made an order sanctioning the scheme by which the acquisition of the Salford-headquartered company is being implemented.
The last day of dealings in, and for registration of transfers of TalkTalk shares will be Thursday, March 11, with the scheme becoming effective on Friday.
TalkTalk's shares on the London Stock Exchange will be cancelled from 8am on Monday, March 15.
Under the terms, scheme shareholders are entitled to receive 97p per share.
The update comes after more than 98% of scheme shareholders voted to approve the deal.
Speaking in December, TalkTalk chairman Sir Charles Dunstone said: "I am pleased to have the opportunity to continue to be a major shareholder in TalkTalk.
"My decision underlines my passion for the company and the confidence the senior management team and I have about our journey ahead.
"That said, as the UK transitions to full fibre we have a hugely challenging, but exciting, opportunity.
"Being a private company would allow us to accelerate adoption and focus on our role as the affordable provider of fibre for businesses and consumers nationwide.
"The telecoms industry is going through a fundamental re-set and we are keen to play our part in it."
Panmure Gordon (UK) is acting as financial adviser to the offeror while Barclays Bank PLC, acting through its investment bank, is joint lead financial adviser, joint Rule 3 adviser and joint corporate broker to TalkTalk.
Deutsche Bank's London branch is acting as joint lead financial adviser, joint Rule 3 adviser and joint corporate broker to TalkTalk.
