Tag: Virgin Media O2

VMO2 prepares to spin off fixed network business

VMO2 is preparing to spin off its fixed broadband network into a fully owned wholesale subsidiary NetCo.

The move will open up VMO2’s broadband networks, which currently provide cable and fibre broadband services to 16 million homes, to wholesale for the first time, giving ISPs looking for scale an additional option beyond Openreach.

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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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