Virgin Media O2 – Page 12
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Profile
CEO Lutz Schüler relishes challenger role at VM O2
After Virgin Media O2’s first 100 days, Schüler is raring to go head-to-head with BT on full fibre, wholesale, and B2B. Reportedly in talks with Sky on fibre investment. Determined merger integration won’t slow VM O2 down. Big believer in “data and digital” for delivering what customers want; hints ...
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Premium
Telefónica people moves: Tech begins integrating Cancom cloud acquisition
Telefónica Tech replaces Cancom UK&I board members with Group executives, following buyout. Vivo names Rocha de Matos and Simões network planning and IT directors, respectively. Former O2 UK executive Stansfeld joins fixed broadband player Quickline.
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Products & Services
Virgin Media O2 plans IPTV service launch
First streaming service offer targeted at young consumers. VM O2 sizes up aggregator opportunity.
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M&A
Telefónica joins Liberty in move towards UK tower sale
Goldman Sachs reportedly handed reins to examine prospective Cornerstone share sale.
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Strategy & Change
Evans elevated to lead Telefónica’s digital strategy
Former O2 UK CEO takes a step up the Group management ladder after missing out on role as head of merged UK JV. Potential for pivotal digital double act with Chema Alonso bringing innovation expertise to be harnessed by Evans’ commercial nous. Navarro remains as key adviser to Chairman, ...
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Strategy & Change
Elsewhere in Telefónica Core Markets: O2 Business launches Managed Microsoft 365
Regulatory battles continue in Spain with mixed results; Movistar scores Italian football rights renewal.
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Premium
Telefónica people moves: VM O2 hiring spree
VM O2 continues to bed in second layers of leadership after inaugurating top-table. Telefónica Tech makes regional appointments in Brazil, Germany, and Mexico.
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Public Affairs
Four years later, O2 UK bribery probe hits headlines
Sunday Telegraph report highlights an investigation into alleged corruption among O2 UK management. Claims appear linked to alleged abuse of the O2 UK incentive scheme, first identified in 2017, which prompted a significant overhaul of the operator’s anti-corruption policy and procedures.
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Premium
H1 FY21: Telefonica seeks rationality at its core
Core markets showing progress as the worst effects of the pandemic begin to recede. Steady move towards converged services across all markets reflects continued pursuit of a valuefocused strategy as digital services begin to proliferate. Spanish flagship leading the way on strategy, but still experiencing a tough competitive market. ...
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Suppliers & SCM
Virgin Media O2 picks Ericsson for 5G SA core
5G core network to be hosted on Ericsson cloud infrastructure in VM O2 data centres.
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Premium
Telefónica claims inflection point as structure shifts
Despite changing perimeters and restatements making a clear view difficult, organic growth across the business offers promise. Guidance improved on positive first half for revenue and profit, but operating cash flow is retreating compared with FY22 goals. Net debt coming down after disposals and restructuring, and Latin American loans ...
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Premium
Telefónica Innovation & Venturing Roundup: Open Future expands footprint
Open Future expands footprint in Spain and launches a call in Argentina; recent Wayra investments come good with VM O2 retail pilot and Movistar distribution deal.
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Strategy & Change
Elsewhere in Telefónica Core Markets: German 5G rollout update
German OB advances 5G rollout; customer rewards scheme launched in Spain after successful trial; VM O2 reinforcing green credentials.
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Strategy & Change
VM O2 preps for wholesale with code powers application
Concerns over securing acceptable commercial terms for key sites on VM O2 network behind request for additional tenancy rights. Code-based flexibility will simplify the process of enabling wholesale access to sites, while supporting potential network expansion.
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M&A
Cancom joins Telefónica Tech stable
Telefónica Tech picks up cloud and security specialist Cancom, as the Group’s growth-oriented technology division targets a strengthened UK presence. Move appears enabled by compete parameters in Virgin Media–Telefónica UK shareholders’ agreement.
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Premium
VM O2 bites bullet and pledges fibre future
A future upgrade of VM O2 fixed infrastructure will see coaxial cable edged out and fibre deployed throughout the operator’s footprint. Switching to XGSPON instead of DOCSIS 4.0 pricy, but manageable within modest budgets and with multiple longer term benefits. Pragmatic approach to fibre is partly driven by the ...
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Premium
Telefónica people moves: Prautzsch takes helm at German FibreCo
Telefónica Infra’s fibre JV with Allianz fills out management positions, drawing on Telefónica insiders. Ayucar and Martínez take CTO roles in the Digital Consumer & Data Office. Vivo rotates Operations and Wholesale leadership.
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Venturing & Investments
Shopper tracking startup earns Wayra investment and O2 deal
Wayra UK dials up London-based startup’s already substantial financing. Investment sets the stage for a “multi-million-pound” retail partnership with the Group’s UK operator.
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M&A
In detail: Liberty and Telefónica’s VM-O2 pre-nup
Three-year wait expected before a potential IPO of new joint venture, while both parties expected to remain involved in the business for at least five years. Telefónica reserving its right to go it alone in UK on IoT, cloud, and cybersecurity services. Liberty to get a board presence at ...
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Premium
Q1 FY21: final coronavirus quarter packs a punch
Spain and Germany OBs stabilise as first wave of coronavirus shocks works its way through results. Vivo displaying underlying strength, but currency fluctuations continue to turn positives to negative. With strong returns on falling revenue O2 UK bows out as a ‘core four’ market Hispam edges back into the ...