Virgin Media O2 confirms thousands of UK job cuts in £800m cost-cutting drive Telecoms Virgin Media O2 has confirmed plans to slash thousands of jobs in the UK under a push to cut its cost base by around £800m, as it grapples with firmer competition and “paradoxical” regulation in the fibre market. The telecoms giant said around £300m of the total savings would come from cutting its 16,000-strong workforce [...]
Vodafone pushes into legal tech market to co-develop AI platform Legal Vodafone has partnered with an AI startup to co-develop a legal tech tool, challenging market heavyweights Harvey and Legora. The telecoms giant has teamed up with Aavalynx to co-develop an AI-driven litigation platform that helps manage and track legal disputes and forecast financial costs tied to these. The AI company told City AM the joint [...]
Tesco Mobile breaches £600m debt facility after reporting failure Telecoms The UK’s biggest virtual mobile network operator has breached the terms of its debt facility after a reporting shortfall, City AM can reveal. Tesco Mobile, which has more than 5m customers and is owned by Virgin Media O2 and Tesco, identified a breach in covenants in the funding agreement it has with the Royal Bank [...]
Vodafone shares jump as French telecoms tycoon becomes top shareholder July 10, 2026 Vodafone shares surged almost 11 per cent on Friday after French telecoms billionaire Xavier Niel bought a £4.4bn stake in the FTSE 100 group from UAE-backed e& and became its largest shareholder. The deal will see Niel’s investment vehicle, Vega, acquire e&‘s entire 16.2 per cent stake for 112.5p a share – a 15 per [...]
Virgin Media slapped with £28m fine for stopping customers cancelling deals July 8, 2026 Virgin Media has been slapped with the media watchdog’s largest ever fine for direct harm to consumers after it was found to have mishandled millions of calls with users looking to switch away to a better deal The telecoms giant has been hit with a £28m fine after it was found to have put customers [...]
Will AI trigger the end of net neutrality? July 2, 2026 Since its inception, the internet has worked for one fundamental reason: net neutrality. This is the principle that internet carriers – broadband and mobile providers – must treat traffic equally, regardless of where it comes from. They cannot discriminate. This idea, noble in its intentions, was what spurred the enormous growth of internet services over [...]
Vodafone takes full control of Three in £4.3bn deal May 5, 2026 Vodafone is to take full ownership of Vodafone Three for £4.3bn in the latest twist in the blockbuster merger between two of Britain’s largest mobile networks. The FTSE 100 telecoms giant said it will buy out the 49 per cent stake held by CK Hutchison, the Chinese owner of Three, to give it full control [...]
Airtel eyes fintech IPO spin off in $10bn boost for London market April 28, 2026 British telecommunications giant Airtel is mulling listing its mobile money business on the London Stock Market in what could be one of the largest public debuts on a European exchange in years. Airtel Money – a digital commerce service that allows users to store money, transfer funds and buy mobile data – is said to [...]
Vodafone set for £85m court showdown with ex-franchisees March 26, 2026 An £85m court battle between Vodafone and its former franchisees will kick off on Thursday over claims the telecoms giant imposed cuts on franchises which left managers facing closures and bankruptcy. The 62 ex-franchisees pursuing a civil action against Vodafone – recently renamed VodafoneThree – will launch their case at the High Court for the [...]
Virgin Media slapped with £24m Ofcom fine December 1, 2025 Ofcom has dished out its biggest fine of the year after accusing telecoms giant Virgin Media of failing to protect vulnerable customers. The media regulator has hit Virgin Media with a £23.8m fine over its treatment of customers during a planned transition from analogue to digital landlines. Virgin Media notified Ofcom over incidents connected with [...]