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.
The combined companies will have 46M video, broadband and mobile subscribers in the UK, while their joint revenue is worth £11B. The merger will create savings of £6.2B, mainly from reducing capital expenditure.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Liberty Global, Telefonica agree $38 billion merger of UK businessesThe British businesses of Liberty Global Plc and Telefonica SA will merge to create a major new player in UK mobile and broadband communications in a deal valued at around 31 billion pounds ($38 billion) including debt. Thanks God. Tired of getting it from two sides.
Source: Reuters - 🏆 2. / 97 Read more »
Liberty Global, Telefonica agree $38 billion merger of UK businessesThe British businesses of Liberty Global Plc and Telefonica SA will merge to create a major new player in UK mobile and broadband communications in a deal valued at around 31 billion pounds ($38 billion) including debt. Thanks God. Tired of getting it from two sides.
Source: Reuters - 🏆 2. / 97 Read more »