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Virgin Media and O2 confirm £31bn merger


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One of Britain’s biggest mobile networks O2 will merge with cable TV and broadband company Virgin Media to create a £31bn ($37.8bn) media and telecoms giant.

The parent companies of both entities confirmed on 4 May that discussions over a possible combination were underway. On Thursday, the groups confirmed the tie-up.

“We couldn’t be more excited about this combination,” said Mike Fries, chief executive officer of Virgin Media owner Liberty Global.

 

 

https://uk.yahoo.com/finance/news/virgin-media-and-o-2-confirm-merger-065943975.html

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