The owners of Virgin Media and O2 have confirmed a £31billion merger to create a new ‘national champion’ to challenge BT and Sky in the UK.
Liberty Global, which owns the UK’s largest cable company Virgin Media, and Telefonica, which owns Britain’s biggest mobile operator O2, are to be merged in a new 50-50 joint venture.
Coverage here: https://www.theguardian.com/business/2020/may/07/virgin-media-and-o2-owners-confirm-31bn-mega-merger-in-uk and here’s the official press release with more details: https://2zn23x1nwzzj494slw48aylw-wpengine.netdna-ssl.com/wp-content/uploads/2020/05/Liberty-Global-and-Telefonica-to-Merge-UK-Operations.pdf
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