Thread: Virgin Media in talks to possibly acquire City Fibre, for £3bn
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Old 19-03-2023, 00:43   #1
1andrew1
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Virgin Media in talks to possibly acquire City Fibre, for £3bn
Quote:
Virgin Media O2 (VMO2) is said to be pondering a £3 billion takeover bid for rival broadband provider Cityfibre.

Mike Fries, chief executive of VMO2 parent company Liberty Global has held initial talks with his Cityfibre counterpart Greg Mesch, according to sources.

Cityfibre is making progress in building its reach from two million to eight million properties by 2025. About half of Cityfibre’s network overlaps with VMO2 which is jointly owned by Liberty Global and Telefonica.

VMO2 Is believed to working with bankers at US-based LionTree, according to The Telegraph.
https://dailybusinessgroup.co.uk/202...for-cityfibre/

Original Telegraph article, paywalled: https://www.telegraph.co.uk/business...bid-cityfibre/
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