Virgin Media and O2 agree on $39 billion merger to create a new UK telecom giant

-owned Sky. BT CEO called the merger a "sensible move" that "follows our strategy" of converging fixed and wireless broadband networks.

"Neither company is immune to the driving need for a converged network and services," Pescatore added. "This is the next battle ground in the U.K." Shares of Telefonica were up more than 1% during morning deals, while BT stock slumped over 7%. BT announced on Thursday that it would scrap all dividend payments until 2022 to manage through the coronavirus crisis.

virginmedia Marvellous, now sort out my crap service Virgin and stop trying to take my DD early and then complain when I refuse it. Awful customer service. I shall probably leave you soon if it does not improve virginmedia greedy

virginmedia is the worst company to be a customer of. How O2 can go to bed with these cowboys is mind blowing. Need to decouple all my O2 agreements ASAP. TheO2

It reminds folks about the merge of Sears and Kmart to fight Walmart invasion. Amazon finishes both of them.

Interesting!

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Liberty Global’s UK Cable Operator Virgin Media Agrees Merger With Mobile Company O2Virgin Media, the UK cable operator owned by John Malone’s Liberty Global, has agreed a major merger with telecoms giant Telefonica’s British mobile company O2 in a deal worth £24B ($29…
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