Virgin Media and O2 agree on $39 billion merger to create a new UK telecom giant

Virgin Media and O2 agree on $39 billion merger to create a new UK telecom giant

A person walks past a Virgin Media mobile phone store, closed down due to the Covid-19 pandemic, in London on May 4, 2020.

Tolga Akmen | AFP via Getty Images

Liberty Global and Telefonica have agreed to combine their U.K. operations in a deal that will create a new giant in the country’s telecommunications industry.

Liberty Global’s cable operator Virgin Media will merge with…

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