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Liberty Global’s UK Cable Operator Virgin Media Agrees Merger With Mobile Company O2
07.05.2020 - 09:55 / deadline.com
By Jake Kanter
International TV Editor
Virgin Media, the UK cable operator owned by John Malone’s Liberty Global, has agreed a major merger with telecoms giant Telefonica’s British mobile company O2 in a deal worth £24B ($29.57B).
The two companies will form a 50:50 joint venture, which Liberty Global and Telefonica hopes will become an internet and mobile powerhouse as demand for super-fast broadband grows and 5G rolls out across the UK.
In a joint statement, Liberty Global and Telefonica
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