Virgin Media O2 bags £4.5bn fibre investment
Telefónica and Liberty Global, parent companies of Virgin Media O2, have partnered with InfraVia to set up a joint venture to roll-out FTTH to greenfield premises across the UK.
Telefónica and Liberty Global, parent companies of Virgin Media O2, have partnered with InfraVia to set up a joint venture to roll-out FTTH to greenfield premises across the UK.
Liberty Global has selected CommScope’s High-Density R-PHY Shelf for its next-generation global gigabit broadband network.
Liberty Global’s investment arm, Liberty Global Ventures is partnering with private equity firm, InfraVia Capital Partners.
UK competition regulator, the Competition and Markets Authority (CMA) has provisionally cleared the proposed merger between Virgin Media and O2.
Liberty Global and Telefónica have reached an agreement to combine British operations O2 and Virgin Media. This is under a new, £31.4bn agreement that could have a huge impact on the UK market.
The second day of this year’s ANGA COM conference and exhibition in Cologne saw the Broadband and Media Summit prompt lively debate amongst panellists, particularly regarding the recently announced Vodafone Deutschland-Unitymedia acquisition. Keely Portway reports
Moderator, Claus Strunz mediated between participants Dr. Manuel Cubero, CCO, Vodafone; Lutz Schüler CEO, Unitymedia; Conrad Albert, deputy CEO and group general council, ProSiebenSat.1 Media; Carsten Schmidt CEO, Sky Deutschland; and Dr. Dirk Wössner, member of the board of management for Germany Deutsche Telekom.
UPC Switzerland has acquired a cable network that serves some 15,000 homes in the Höfe region of Germany, from EW Höfe.
EW Höfe said that it decided to sell its existing cable network to long-standing partner and Liberty Global-owned company, UPC Switzerland, in order to focus on the expansion of its new fibre optic network. This is set for completion in 2019.
Vodafone has agreed to acquire Liberty Global’s operations in Germany, the Czech Republic, Hungary and Romania for an enterprise value of €18.4 billion.
The four businesses represent approximately 28 per cent of the cable group’s consolidated 2017 operating cash flow, which does not include its 50 per cent share from the VodafoneZiggo joint venture in the Netherlands.
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