The Guardian reports that the owner of Virgin Media, Liberty’s Goal is in talks with and O2 for a possible merge for their mobile, internet, and TV services. The report says the aim to challenge BT and Sky, adding:
Billionaire John Malone’s Liberty Global, which owns Virgin Media and a 10% stake in ITV, is understood to be in talks with Spanish telecoms giant Telefonica to combine their UK assets in a joint venture.
The talks will raise speculation about whether Liberty may be open to including ITV in the deal, as the share price of the broadcaster of shows including Coronation Street and Love Island has hit a 10-year low amid the fall in ad revenues due to the coronavirus.
If the merger follows through, it combines to more than 34 million customers, topping the list for the largest telecom network in the UK. The merger would also result in a stronger 5G infrastructure ahead of the launch of the 5G iPhone in September.
Both companies declined to comment.