Two of the UK’s greatest names in telecoms are contemplating a merger to fight the business behemoths of BT and Sky.
O2 and Virgin Media are reportedly in talks to mix every firm’s strengths throughout TV, broadband, and cell.
Liberty Global, which owns Virgin Media, is alleged to be in talks with Spanish O2-owner Telefonica. Virgin Media brings an unlimited TV and broadband presence to the desk, whereas O2 has a a lot bigger base of cell subscribers.
Virgin Media at present operates as an MVNO utilizing EE’s community, however is at present as a consequence of swap to utilizing Vodafone’s community in late 2021.
The merger, if talks succeed and it passes regulators, would create a brand new energy participant that’s extra aggressive towards the present market leaders.
O2 has sought a merger for fairly a while. A £10.25bn bid by Three UK, which might have made the mixed cell giants extra aggressive towards EE and Vodafone, was blocked in 2016 by the European Commission. The fee determined to take management of the inquiry, overruling a request from Britain’s Competition and Markets Authority to resolve.
Analysts don’t imagine a potential merger deal between O2 and Virgin Media will face the identical issues as the previous did with Three.
Interested in listening to business leaders talk about topics like this? Attend the co-located 5G Expo, IoT Tech Expo, Blockchain Expo, AI & Big Data Expo, and Cyber Security & Cloud Expo World Series with upcoming occasions in Silicon Valley, London, and Amsterdam.