You are here: Home - Household Bills - News -

O2 in merger talks with Virgin Media

0
Written by:
04/05/2020
O2 is in talks with Virgin Media over a potential merger which would create one of the UK’s largest telecoms firms.

Telefónica, the Spanish owner of O2, confirmed it is in discussion with Virgin Media owner Liberty Global over a possible merger deal.

However, it emphasised the businesses are in negotiation and they are unable to guarantee the move at this stage.

A statement read: “In relation to discussions with Liberty Global on a potential integration of their respective telecommunications businesses in the United Kingdom, Telefónica informs that the process initiated by both parties is in a negotiation phase, not being able to guarantee, to this date, neither the precise terms nor the probability of its success.

“In the event of a satisfactory agreement on this potential transaction, Telefónica will communicate such information to the markets.”

If the merger were to go ahead, it would create one of the largest telecoms companies in the UK with a near 40 million customer base across mobile, broadband and pay TV, rivalling the likes of BT (which owns EE), and Sky.

In November, Virgin Mobile agreed a five-year deal with Vodafone UK enabling its three million mobile phone customers to be switched from the BT network to Vodafone.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
auto enrolment
Bounce Back Loans launched for small businesses

Britain’s small businesses can now apply for loans of up to £50,000 to help them through the coronavirus pandemic.

Close