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Virgin Media O2 mulls cost cuts to protect cash flow and reduce leverage

Financial & Performance

Virgin Media O2 mulls cost cuts to protect cash flow and reduce leverage

As UK broadband competition continues to bite, Virgin Media O2 is considering enacting a major savings push as part of the next phase of its business turnaround strategy. Consideration of cutbacks follows recently announced cost-cutting programmes at sister businesses in Germany and Spain, accompanied by large-scale job losses.