O2 and Virgin Media agree to merge

O2 and Virgin Media agree to merge

Image copyright Virgin Media

Mobile operator O2 and broadband giant Virgin Media are to merge, creating one of the country’s largest entertainment and telecoms firms.

Liberty Global, which owns Virgin Media, and Spain’s Telefonica, which owns O2, said they had agreed terms for joining forces.

O2 is the UK’s largest phone company with around 34 million users.

Virgin has about six million…

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