Virgin Media O2 launches following £31bn merger…

Published on May 4, 2021

Virgin Media O2 launches following £31bn merger…

Virgin Media and O2 have completed their £31 billion merger with a pledge to “upgrade” the UK with investment in fibre and 5G infrastructure.

Parent companies Liberty Global and Telefonica first agreed to combine their UK assets in 2020 and received final approval from competition authorities last month.

The deal is the largest ever in the UK telecoms market and Virgin Media O2 immediately becomes one of Europe’s largest providers, powering 47 million broadband, television, landline, and mobile connections.

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Virgin Media O2

The enlarged company believes the combination of Virgin Media’s cable network, which covers more than 15 million premises, with O2’s mobile infrastructure will accelerate the development of converged network services and create a genuine nationwide challenger to BT.

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