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Telefónica may make a bid for Liberty Global’s stake in Virgin Media O2 (VMO2), according to reports by Bloomberg and Reuters. VMO2 was formed in 2021 through a £31 billion merger between Virgin Media and O2 UK. The 50:50 joint venture currently serves more than 45 million broadband and mobile customers across the country. Reports claim Telefónica is
But the converged comms giant says it has no plans to make a bid
The new fibre venture and Virgin Media O2’s existing network will offer more wholesale choice to other UK operators
The news arrives three months after revelations that TalkTalk had been approached by many other rivals including Vodafone and Sky
The merger could cause a ripple effect in the UK telecoms market say analysts
Liberty Global CEO says the merger will create a “fixed mobile champion”
Both parties welcome the move, expect a ‘seamless transition’
The deal is expected to be finalised in June next year
A merger deal could potentially create a UK telecom giant
Specifically highlighted were the rental costs that rural landlords inflict on operators