What you need to know
- Two of the UK's biggest telecoms companies are merging.
- O2 and Virgin Media are joining forces in a 50-50 venture.
- The deal is said to be worth some £31 billion ($38 billion).
Telefónica has today announced that it is merging its U.K operations with Liberty Global, meaning that Virgin Media and O2 are coming together in a 50-50 joint venture.
Liberty Global and Telefónica to merge their U.K. operations creating the leading fixed-mobile provider in the country
50-50 joint venture brings together Virgin Media, the U.K.'s fastest broadband network, and O2, the country's largest mobile platform
Combination creates a stronger fixed and mobile competitor in the U.K. market, supporting the expansion of Virgin Media's giga-ready network and O2's 5G mobile deployment for the benefit of consumers, businesses and the public sector
The release notes that the merger will result in £10 billion worth of investments in the UK over the next five years. CEO of Telefonica, Jose Maria Alvareze-Pallete said:
"Combining O2's number one mobile business with Virgin Media's superfast broadband network and entertainment services will be a game-changer in the U.K., at a time when demand for connectivity has never been greater or more critical. We are creating a strong competitor with significant scale and financial strength to invest in UK digital infrastructure and give millions of consumer, business and public sector customers more choice and value. This is a proud and exciting moment for our organisations, as we create a leading integrated communications provider in the U.K."
Twitter was rightly less enthused at the prospect:
LG Velvet is now official with Snapdragon 765 SoC, 48MP triple-camera setup
LG's new Velvet is an impressive mid-range Android phone with a durable design, 48MP triple cameras, and 5G support. The phone also packs a 4,300mAh battery with wireless charging and fast wired charging.
Here's what you need to know about OnePlus' Warp Charge 30T and 30 Wireless
Warp Charge 30T offers a sizable boost in charging speeds, with the 30W standard able to charge a battery from flat to 70% in just 30 minutes. With the OnePlus 8 Pro, OnePlus has introduced Warp Charge 30 Wireless, a wireless charging standard that delivers 30W charging speeds. Here's everything you need to know about OnePlus' Warp Charge standard.
Daily Coronavirus updates: Tinder is getting video dating from next quarter
COVID-19 has caused untold devastation around the globe, with entire industries shutting down in the wake of the virus. Here's how coronavirus is affecting the tech industry.
The Galaxy S20+ is the best T-Mobile phone for most people
Wondering about the best phones T-Mobile offers? We've got you covered.