Virgin Media O2 Owners in Talks to Buy UK Broadband Rival Netomnia, Sources Say
15 Articles
15 Articles
Telefónica and Liberty Global, partners of Virgin Media O2, finalise Netomnia's purchase through Nexfibre, expanding its fiber coverage to 8 million households in the UK. Virgin Media O2 has not wanted to comment on the operation.
An agreement between Nexfibre and Netomnia would give Virgin Media O2 access to 8 million households and 20 million premises in total
Virgin Media O2 owners close in on £2bn Netomnia acquisition
Telefónica and Liberty Global are reportedly nearing a £2 billion (€2.3 billion) takeover of Netomnia, via their UK fibre venture nexfibre alongside InfraVia Capital Partners. The talks were first reported by the Financial Times Tuesday. Netomnia is the second largest of the alt-nets with 400,000 premises connected to its 10 Gbps (XGS-PON) capable service. The deal would combine Netomnia’s fibre build with nexfibre’s footprint and parts of Virg…
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