Friday, May 1, 2020

Virgin and O2 plan merger to challenge Sky and BT

Owners of telecoms giants set to team up and challenge major sector players

The owners of Virgin Media and O2 are in talks to create a new TV and mobile power player to challenge BT and Sky in the UK.

Billionaire John Malone’s Liberty Global, which owns Virgin Media and a 10% stake in ITV, is understood to be in talks with Spanish telecoms giant Telefonica to combine their UK assets in a joint venture.

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from Mergers and acquisitions | The Guardian https://ift.tt/2YqiZK6

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