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Paul Lipscombe
April 29, 2021
The line-up has been unveiled as the CMA conducts its regulatory review ahead of expected merger
The proposed executive line-up from the Virgin Media and O2 merger has been announced, with Virgin Media chief executive Lutz Schu?ler named as CEO.
It comes as the £31 million merger was provisionally cleared by the Competition and Markets Authority (CMA) earlier this month.
The joint 50-50 venture will combine O2’s 34 million mobile customers and Virgin Media’s 5.3 million broadband, pay-TV and mobile users.
It was given the provisional clearance after the CMA deemed that the merger was “unlikely to lead to any substantial lessening of competition”.