Virgin Media O2 Seeks Millions in Funding for Fiber Rollout, Sky News Reports
31 January 2022 - 11:52PM
Dow Jones News
--The owners of Virgin Media O2, John Malone's Liberty Global
PLC and Telefonica S.A. have started discussions to raise hundreds
of millions of pounds from external investors, Sky News
reports.
--The telecommunications company--formed from a 31 billion
pounds ($41.56 billion) merger last year--will use the investment
to fund the rollout of fast fiber broadband to up to seven million
more British households, Sky News reports.
--The company will seek a sum that could eventually total as
much as GBP1 billion in return for the sale of a large stake, Sky
News reports, citing sources close to the process.
Full story: https://bit.ly/35CDpFj
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
January 31, 2022 07:37 ET (12:37 GMT)
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