Bloomberg Technology
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Telefonica, Liberty Global to Merge U.K. Businesses
Posted
May 7, 2020
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May 7, 2020
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3:43Now PlayingMay.07 -- Telefonica SA and Liberty Global Plc. have agreed to create the U.K.’s largest phone and internet operator. The deal values the new company, combining Virgin Media and O2 at $31 billion pounds. The joint venture is set to pose a challenge to the dominance of BT in converged services. Bloomberg Intelligence’s Matthew Bloxham discusses the merger on “Bloomberg Markets: European Open.”
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