Virgin Media O2 plans to establish a dedicated fixed-network company to compete with BT Group, incorporating its fiber and cable assets via a wholesale agreement.

Virgin Media O2, a UK internet provider, plans to create a separate unit for its fiber broadband services to facilitate deals and challenge incumbent BT Group. The company's fiber and cable network assets will be held by the new business, while VMO2 will connect to the services through a wholesale agreement. This new structure will give VMO2 more options for financing and could facilitate acquisitions of local alternative network providers.

February 16, 2024
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