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Weekly news summary: BT suspends dividend, as O2 and Virgin Media UK plot a merger

2020-05-11 09:24:00| Telecompaper Headlines

(Telecompaper) Earnings news in the past week was more about changes to guidance than the results themselves, with the Covid-19 lockdowns setting in globally only in March. Companies with media exposure, including telecoms companies such as Nos, appear to be hurt more than others. BT stood out, as it suspended its dividend in favour of rolling out fibre networks. In other telecoms news, two more 5G networks commercially launched. The most important news of week 19 was the planned merger of O2 and Virgin Media in the UK.

Tags: news media uk summary

 

Virgin Media and O2 join forces to take on BT

2020-05-07 08:31:54| BBC News | Business | UK Edition

A tie-up is agreed that will create one of the UK's largest mobile, broadband and media firms.

Tags: on media join forces

 
 

Liberty Global, Telefonica to merge O2, Virgin Media in 50-50 joint venture in UK

2020-05-07 08:17:00| Telecompaper Headlines

(Telecompaper) Liberty Global and Telefonica have reached an agreement to merge their UK operations in a 50-50 joint venture. This brings together the country's largest mobile operator O2 UK with cable operator Virgin Media and its MVNO Virgin Mobile. 

Tags: media uk global joint

 

Virgin Media and O2 strike 31bn merger, shaking BT

2020-05-07 02:00:00| Total Telecom industry news

Today, Liberty Global (Virgin Media) and Telefonica (O2) have announced the merger of their UK businesses in a deal worth £32 billion.   The deal was first reported on at the weekend, but discussions have apparently been ongoing for the past five months.   The 50…read more on TotalTele.com »

Tags: media strike virgin bt

 

Coronavirus: Virgin Atlantic to cut 3,000 jobs and quit Gatwick

2020-05-05 15:49:06| BBC News | Business | UK Edition

The airline will axe a third of its workforce in response to the "severe impact" of coronavirus.

Tags: jobs cut virgin atlantic

 

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