Tag: Virgin Media O2

Virgin Media O2 mulls tower sale 

Virgin Media O2 (VMO2) have entered into exclusive talks to sell its stake in joint venture tower unit subsidiary Cornerstone (CTIL) to GLIL infrastructure. Reuters reports that, according to four anonymous sources, the deal could be worth £2.5 billion.

GLIL emerged on top in an auction held earlier this year for a part of VMO2’s 50% stake in the towerco, with sources suggesting a deal could be finalised as early as next week. 

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