by Stephen Warwick on (#5357T)
Liberty Global and Telefónica are merging their U.K operations.What you need to knowTwo of the UK's biggest telecoms companies are merging.O2 and Virgin Media are joining forces in a 50-50 venture.The deal is said to be worth some £31 billion ($38 billion).Telefónica has today announced that it is merging its U.K operations with Liberty Global, meaning that Virgin Media and O2 are coming together in a 50-50 joint venture.A press release from the company: Liberty Global and Telefónica to merge their U.K. operations creating the leading fixed-mobile provider in the country Key Highlights 50-50 joint venture brings together Virgin Media, the U.K.'s fastest broadband network, and O2, the country's largest mobile platform Combination creates a stronger fixed and mobile competitor in the U.K. market, supporting the expansion of Virgin Media's giga-ready network and O2's 5G mobile deployment for the benefit of consumers, businesses and the public sector...