07-05-2020, 10:07 AM
Mobile operator O2 and broadband giant Virgin Media are to merge, creating one of the UK's largest entertainment and telecoms firms and a major rival to BT.
Liberty Global, which owns Virgin Media, and Spain's Telefonica, which owns O2, said they had agreed terms for joining forces.
O2 is the UK's largest phone company with about 34 million users.
Virgin has about six million broadband and cable TV customers and another three million mobile users.
As well as having its own subscribers, O2 provides the network for Tesco Mobile, Giffgaff and Sky Mobile.
The tie-up will create a major rival to BT by bringing together different platforms.
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Liberty Global, which owns Virgin Media, and Spain's Telefonica, which owns O2, said they had agreed terms for joining forces.
O2 is the UK's largest phone company with about 34 million users.
Virgin has about six million broadband and cable TV customers and another three million mobile users.
As well as having its own subscribers, O2 provides the network for Tesco Mobile, Giffgaff and Sky Mobile.
The tie-up will create a major rival to BT by bringing together different platforms.
Full Story - Click Here
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