UK Approves $44B Merger Between Liberty Global-Owned Virgin Media & Mobile Company O2 - EWB

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Thursday 20 May 2021

UK Approves $44B Merger Between Liberty Global-Owned Virgin Media & Mobile Company O2

The UK’s Competition and Markets Authority (CMA) has approved the £31 billion ($44B) merger between Liberty Global-Owned Virgin Media and telecoms giant Telefonica’s British mobile company O2. Following regulatory clearance, Virgin Media and O2 will complete their transaction on June 1. Virgin Media CEO Lutz Schüler will become chief executive of the new company, while […]

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