Virgin Media O2 (VMO2), a joint venture between Telefónica and Liberty Global, and Daisy Group have agreed to merge their business-to-business (B2B) telecommunications operations in the United Kingdom. The merger aims to create a new company focused on serving UK enterprise customers, forming a £3 billion telecoms group. Meanwhile, the UK government is considering allowing foreign states to own up to 15% of key British newspapers, a policy shift that could facilitate the sale of the Telegraph newspaper. This move has sparked debate over its implications for media ownership and democracy. Additionally, Telefónica is reportedly planning a deal to take full control of its UK joint venture with Liberty Global.
Foreign states face 15% newspaper ownership limit amid Telegraph row https://t.co/ETDck0vH6e
Telefonica is drawing up plans for a deal that would allow it to take control of the UK joint venture it owns with Liberty Global, sources say. https://t.co/zNfCMa3xnR
The UK plans to allow foreign states to own up to 15% of key British newspapers, sources say, a move that could clear the path for a sale of the Telegraph https://t.co/09FMBIiQFJ