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…