According to reports released by the Financial Times, the owners of internet, phone and TV provider Virgin Media and cellular network O2 have confirmed a deal (which, until now has been codenamed ‘Project Pink’) to merge the two industry giants into one company – the worth of which will total £31.4billion.
If the deal is allowed to be closed by competition authorities, the newly-formed company, which would be the largest phone and internet provider in the UK, would reportedly be capable of rolling out faster broadband and the utilisation of new 5G networks across the country – posing a direct threat to rivals such as BT and EE.
Access all our great content with a FREE myGrapevine account
- Personalise your topic feed
- Free access to premium content
- One-click registration for webinars and downloads
- Save your favourites
- Exclusive offers
* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.
If you find yourself asked to register again, please make sure that your browser cookie is enabled.
We would like you to become part of Executive Grapevine and join one of the fastest growing and engaged online communities of Business Leaders and Entrepreneurs in the UK. Thousands of our readers, people just like you, have already registered with Executive Grapevine and we would like you to join in - its FREE!
However, an EU regulation coming our way means that to continue hearing from us, you will need to become a registered user. No matter the outcome of BREXIT, this regulation will apply to us while we remain in the UK and perhaps beyond.
Access across the Executive Grapevine site will continue to be free of charge once you register.
Every reader we retain, is very important to us, and we would appreciate you taking the time to Register with us now.