Following regulatory clearance, Virgin Media and O2 will complete their transaction on June 1. Virgin Media CEO Lutz Schüler will become chief executive of the new company, while O2’s CFO Patricia Cobian will take on the same role at the merged venture.
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.
John Malone strikes again.
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แหล่ง: THR - 🏆 411. / 53 อ่านเพิ่มเติม »
“Watershed Moment” as U.K. Approves $44B Virgin Media, O2 MergerBritain’s Competition & Markets Authority (CMA) has given its final approval of the planned 50:50 joint venture, to be created in a merger valued at ($31.4 billion) $44 billion, between Liberty… None of these mega-merger deals have been good for the consumer as seen previously with BT acquiring EE in 2016 and immediately announcing 7% price increases, the unanswered question with this merger is 02 is the network Sky Mobile uses, Sky of course is Virgin Media direct rival
แหล่ง: THR - 🏆 411. / 53 อ่านเพิ่มเติม »
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