According to sources from The Guardian, O2 and Virgin Media are discussing a potential merger between the two companies, a result which would bring together the two mobile networks, their home internet and TV offerings. Telefonica and Liberty Global own each company respectively. Bringing together the two might help give them an advantage over BT and EE. BT acquired EE back in 2016 which cost over £12 million.
The Guardian reported that John Malone, who runs Liberty Global, which owns Virgin Media is said to be talking to Telefonica, who own O2 about the potential merger.
The merger would be quite sizeable, between the two companies they have 34 million customers using the mobile network and 5.3 million using the broadband networks.
The Guardian reached out to Liberty Global, Virgin Media, O2 and Telefonica – who all declined to comment.
Source: The Guardian