Why Virgin Media O2 is cutting jobs and retreating from fibre Telecoms Virgin Media O2’s decision to cut thousands of jobs and halt further fibre upgrades marks quite the retreat for a company once positioned as BT’s biggest challenger, writes Saskia Koopman. Five years after Virgin Media and O2 merged to create a £31bn telecoms giant, VMO2 is battling falling revenues, ongoing customer losses and over £22bn [...]
Virgin Media O2 defends arena deal as £200m price tag disputed Media Virgin Media O2 has pushed back at claims it is paying around £200m to keep its name on the O2, as the heavily indebted telecoms group commits to another decade of one of Britain’s longest-running sponsorship deals. The company and venue owner AEG have not disclosed the value of the agreement, which will keep the [...]
Legora lands Nvidia backing as Jude Law fronts campaign Tech AI legal tech firm Legora has secured fresh backing from Nvidia as part of a $50m (£37m) funding extension that pushes its valuation to $5.6bn. The Stockholm-based startup said the extension takes its total Series D round to $600m, with Nvidia’s venture arm NVentures and Atlassian joining as new corporate investors. Additional backing came from [...]
Formula E owners bid for NBA Europe’s London franchise April 6, 2026 Formula E’s majority stakeholder has bid to buy the London franchise in the upcoming NBA Europe project, according to reports. The London franchise was the most sought after team when the period to submit non-binding bids to express an interest closed last week. NBA sources stated that they had received multiple bids of $1bn across [...]
Formula E signs World Championship extension with FIA until 2048 July 25, 2025 Formula E has extended its exclusive contract with motorsport governing body the FIA, meaning it will remain the only all-electric single-seater World Championship until at least 2048. It comes ahead of the climax of Formula E’s 11th season in London this weekend, where Nissan driver Oliver Rowland is set to be crowned champion on home [...]
All3Media: The Traitors maker still in the red before £1.15bn RedBird IMI takeover September 6, 2024 Turnover dropped below the £1bn mark at TV and film production powerhouse All3Media, which is behind the likes of The Traitors, in the year before it was acquired by RedBird IMI, the investment fund helmed by US media titan Jeff Zucker. The London-headquartered company was snapped up from Warner Bros Discovery and Liberty Global in [...]
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.