Virgin Media O2 – Page 11
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M&AVM-O2 sets sights on BT as merger gets final clearance
CMA’s final approval should see deal completed by 1 June. Owners trumpeting investment opportunities with fibre InfraCo potential coming to the fore.
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Strategy & ChangeCornerstone exit could be early item on VM-O2 agenda
Indications made that prospective JV’s Cornerstone stake seen as non-strategic, and could be jettisoned in name of “national champion” Grand Plan. Sale would raise cash for higher strategic ambition of fibre expansion. Liberty “gearing up” for talks with partners to team up on Gigabit rollout. Fries showing willingness to ...
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M&ACMA doubts bundle demand as it greenlights VM-O2
Provisional clearance of merger based on limited ability of the partners to manipulate wholesale pricing and services in their favour. Creation of a new fixed-mobile giant not expected to unleash a sudden surge towards single-contract multi-play bundles in the UK market.
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PremiumTelefónica people moves: senior strategic appointments at Hispam
Ancelovici and Caballero named Directors at Telefónica Hispam to lead business intelligence and development at the regional division. Competition policy head named at Group level. A new R&D CFO in Chile.
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Network & InfrastructureVirgin Media preps Lightning for post-JV world
Liberty Global confident of JV clearance, and anticipates Telefónica talks on ambitious and aggressive fixed-line rollout. Liberty’s Sky relationship appears key, with prospects for collaboration heightened by a friendly face at the helm. Meanwhile, Virgin Media appears to be finally embracing PIA from Openreach for cheaper fibre rollout.
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M&AWholesale power under scrutiny as CMA reviews VM-O2
Proposed JV’s ability to tilt backhaul market in its favour and limit opportunities for MVNOs will be central to competition review. The impact of the deal on the development of providers offering fixed-mobile bundles will receive particular scrutiny. CMA wields new powers post-Brexit, but this is accompanied by greater ...
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M&AVestager: Brexit complicates O2-VM competitions ruling
European Competition Commissioner signals openness to allowing CMA to oversee the review of O2’s proposed merger with Virgin Media History, and the appeal of the EC being able to reassert its views on market consolidation, may still point to Europe asserting its prerogative however. O2 and Virgin Media see ...
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Strategy & ChangeElsewhere in Telefónica’s core markets: Nokia and Juniper pick up gigs
Vivo into loans; Juniper picked for 5G backhaul security; Nokia wins UK SDM.
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M&AFries and Álvarez-Pallete: two minds on UK JV
While Telefónica and Liberty said to be on same page on O2–Virgin Media integration, respective chiefs hinted at varying concerns and strategic priorities linked to the progress of the JV.
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M&ANew Three boss snipes at O2–Virgin merger
Finnegan doubtful on merits of O2–Virgin Media deal, but bullish on leading further UK consolidation.
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PremiumTelefónica: Elsewhere in core markets
O2 Banking charge on the horizon. OBs find silver linings in pandemic response.
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PremiumQ2 FY20 first take: Telefónica distracts as reality bites
Another social pact unveiled as COVID-19 and currency falls combine to wipe €1.5bn off reported revenue, and shred profitability. Cash generation a priority as strict — and seemingly permanent — spending and investment restrictions are put in place. Telefónica Infra ambition emerging as plans for new wholesale fibre networks ...
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Network & InfrastructureO2 gives 4G a pre-tie-up top-up
UK operating business seeks to bolster “national champion” pitch ahead of Virgin Media merger. Focus is on eliminating 4G ‘not-spots’ and boosting 4G and 5G coverage at tourist attractions.
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M&AFries on VM-O2 merger: don’t mention the tax breaks
Liberty Global anticipates substantial opportunities for savings by injecting Virgin Media tax losses into O2, but Fries wary that such behaviour may not chime with goal of creating new UK “national champion”.
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M&AEU court ruling could revive network consolidation
Commission found to have been wrong to block O2–Three merger, based on commitment to upholding four-player mobile markets in larger countries. While not yet final, the court’s decision may fire the starting pistol for a renewed wave of consolidation among telcos struggling to manage competition. Commissioner Vestager side-steps comment ...
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PremiumTelefónica Alumni people movements, May 2020
Former Telefónica Ireland Director Paul Farrell gets spot at Virgin Media Television.
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PremiumVirgin Media builds backhaul business before O2 tie up
Virgin Media positioning itself as a BT backhaul alternative, but appeal may be curbed by O2 links.
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M&AO2 and VM: cash in the attic and a new shop front
While building a strong UK competitor is the headline motivation behind the plan to merge O2 UK and Virgin Media, for Telefónica the deal is a shining opportunity to get its Group finances in order. Structure of the JV suggests a key opening for Telefónica to bring its strong ...
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PremiumO2 UK ads targeted by advertising authority
O2 UK fell foul of the Advertising Standards Authority (ASA) over advertisements aired on the O2 UK website and YouTube.