Virgin Media O2: Tough first quarter as customers head for competitors Telecoms Total revenue decreased marginally by 0.5 per cent year on year to £2.58bn, which VMO2 said was mainly driven by handset revenue decline.
Virgin Media O2 eyes swoop for TalkTalk’s consumer unit Telecoms Virgin Media O2 (VMO2) is reportedly engaged in talks to buy the consumer division of internet provider TalkTalk after a larger deal for the whole firm failed two years ago.
Virgin Media O2 nears stake sale in towers business to GLIL Virgin Media 02 Virgin Media O2 is in exclusive talks to sell a slice of its shareholding in Britain’s largest mobile tower network to GLIL Infrastructure, according to four sources familiar with the matter, in a deal that could value the business at about £2.5bn. GLIL, a partnership of British pension funds, has prevailed over other investment firms [...]
Virgin Media O2: Network accelerates at record pace amid TalkTalk rumours February 16, 2024 VMO2 has accelerated its fibre network built across the UK by a record amount in 2023, reaching 17m sites last year.
Virgin Media O2 buys ex-Russian owned Upp — but won’t keep it September 6, 2023 Late last year, the UK government ordered Russian oligarch-backed investment company Letterone to sell Upp, saying the ownership was a national security risk.
Virgin Media O2 reports slight bump in revenue after price hikes May 10, 2023 Virgin Media O2 reported a slight increase in revenue in the first quarter of 2023 as a result of price increases and stronger consumer retention. Adjusted quarterly revenue increased by 3.9 per cent on the same period last year to £2.6bn, the company announced today. Adjusted EBITDA for the first quarter increased by 2 per [...]
Virgin Media O2 to slash 2,000 jobs as it tries to rid itself of billions in debt July 25, 2023 Virgin Media O2 has revealed plans to slash 2,000 jobs by the end of the year. The telecoms giant issued redundancy notices yesterday evening as part of their effort to streamline operations. The cuts, which include around 800 previously reported job reductions, will affect over 12 per cent of the company’s current workforce. Virgin Media [...]
Telco battle hots up as Virgin Media O2 launches challenger to BT Openreach with new broadband unit February 16, 2024 Virgin Media O2 has announced plans to establish a new national fixed network company alongside two of its major shareholders.
Revenue dips for Virgin Media O2 as it eyes digital expansion and growth November 2, 2022 Virgin Media O2 posted a slight revenue dip in the third quarter, as the telecom giant rides out “an increasingly challenging macroeconomic backdrop”. Adjusted revenue was down 0.6 per cent to £2.59bn, with results dragged down by a 3.7 per cent decline in handset revenue. Total mobile revenues increased by 2.1 per cent to £1.5bn, [...]
Virgin Media O2 mulls £100m takeover bid for alternative network provider Trooli February 20, 2023 Virgin Media O2 is reportedly eyeing a takeover of Trooli, a Kent-based alternative broadband network provider. Virgin Media O2 is among a “substantial number” of parties exploring offers for Trooli as part of a formal bidding process, Sky News reported. Telecom industry sources told Sky News that the offer was likely to be worth over [...]