May 05 - 13:05
O2 and Virgin Media in mega-merger talks
O2 and Virgin Media could be set to merge in a deal that would create a telecommunications giant. The news comes after Telefonica, the Spanish company that owns O2, confirmed it is in discussions with Virgin Media’s US owner Liberty. It would create a business with sales of more than £11bn and millions of UK customers, although any deal would have to be cleared by industry watchdogs.
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