Telefonica, the Spanish owner of O2 in the UK, agree to merge with VirginMedia

[arista]

[Telefonica, the Spanish owner of O2 in the UK,
has confirmed that it is in talks
to merge the business with
the cable and broadband giant Virgin Media.
A combination of the two would
create a business with annual sales
of more than £11bn and tens
of millions of UK customers.

O2, which sponsors the England rugby team
and the music venues of that name,
boasts more than 34 million
connections to its network.

Apart from the core O2 brand,
it also partners with mobile
virtual network operators Sky Mobile - which
has common ownership with Sky News - giffgaff
and Lyca Mobile, as well as owning
half of Tesco Mobile.]


https://news.sky.com/story/why-o2-and-virgin-media-could-be-making-a-connection-11983086

[user104658]

Gross. Virgin is scum, boycott O2 if this happens.

[smudgie]

Gross. Virgin is scum, boycott O2 if this happens.

Virgin are part of our bank now.
Would love to shift all our money out but they won’t let us.
Crazy, of course it’s all down the Cov19, they say, hmmmmm, not too sure about that.

[Denver]

So that dickhead can afford to do this but cant pay his staff or cant pay his own debts

[arista]

So that dickhead can afford to do this but cant pay his staff or cant pay his own debts


Are you talking about VirginMedia?
Do you know who owns them?


Branson Sold VirginMedia
to Liberty Global USA
in 2013

https://en.wikipedia.org/wiki/Liberty_Global

[arista]

Virgin are part of our bank now.
Would love to shift all our money out but they won’t let us.
Crazy, of course it’s all down the Cov19, they say, hmmmmm, not too sure about that.


Do you know who owns VirginMedia?

[Cherie]

Virgin are part of our bank now.
Would love to shift all our money out but they won’t let us.
Crazy, of course it’s all down the Cov19, they say, hmmmmm, not too sure about that.

what bank is this Smudge?

[Cherie]

I want your life savings for myself :amazed:

[smudgie]

what bank is this Smudge?

Yorkshire Bank.

[Cherie]

Yorkshire Bank.

oh and they wont let you move money, maybe they think its a scammer or something

[smudgie]

Do you know who owns VirginMedia?

I know who owns VirginMoney.
I also know all the buying and selling over recent years, plus the payments paid to the CEO amounting to over £12 million, the amount of redundancies due to the constant moving money around.
The fact that Branson only owns 13% of it now is not the whole picture for us.

[smudgie]

oh and they wont let you move money, maybe they think its a scammer or something

Nope, they know us both well.
Face to face we have been told you are not allowed to withdraw large amounts from saving accounts.
Only money for essentials.
So we transferred money to our current accounts and put two large cheques into one of our Halifax accounts.
Mind you, even they asked us why we wanted to move that amount of money.

[arista]

1258287810659917826


https://www.bbc.co.uk/news/business-52570593


[Mobile operator O2 and broadband giant Virgin Media are to merge,
creating one of the UK's largest entertainment
and telecoms firms and a major rival to BT.
Liberty Global, which owns Virgin Media,
and Spain's Telefonica, which owns O2,
said they had agreed terms for joining forces.]

[arista]

[Virgin Media and O2's £31BILLION
merger is given green light by
UK's competition watchdog after investigation
CMA previously cleared it, saying it was 'unlikely' to
lead to lower competition
The Competition and Markets Authority
provisionally cleared the merger in April
It began its probe after firms asked to
fast-track the process to phase two probe
It was concerned that a tie-up could
encourage Virgin and O2 to increase prices]


https://www.dailymail.co.uk/news/article-9599185/Virgin-Media-O2s-31BILLION-merger-gets-green-light-UKs-competition-watchdog-probe.html

[arista]

Gross. Virgin is scum, boycott O2 if this happens.


The Green Light
to go ahead.


Spanish and USA Companies
are happy to Join.


[Mike Fries, chief executive of Virgin owner
Liberty Global, and Jose Maria Alvarez-Pallete,
boss of O2 owner Telefonica, said: 'This is a watershed
moment in the history of telecommunications
in the UK as we are now cleared to bring real
choice where it hasn't existed before,
while investing in fibre and 5G that the UK needs to thrive.']

[Kizzy]

Makes you sick when you think Btcellnet sold out to O2 too...is there any asset we haven't flogged off?

[Marsh.]

Oh great, the signal to suddenly become sh*t and cost a fortune to sort out. :idc:

[arista]

[Virgin Media, which is owned by the US giant Liberty Global,
has some 5.3 million broadband customers - many
of whom also buy mobile and pay-television
services from the company.]

[bots]

Branson has basically sold the virgin name to anyone who would buy it. Most of the virgin companies these days are owned by asset management companies. Indeed, most big brands are owned by asset management companies. One thing they have never cared about is the customer, that doesn't enter into their financial priorities

[arista]

Branson has basically sold the virgin name to anyone who would buy it. Most of the virgin companies these days are owned by asset management companies. Indeed, most big brands are owned by asset management companies. One thing they have never cared about is the customer, that doesn't enter into their financial priorities


Liberty Global are TV Media Company in the USA.
They have slimed down VirginMedia UK.