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Virgin Media and O2 s £31BILLION merger gets green light by UK s competition watchdog after probe

A £31 billion mega-merger between Virgin Media and O2 has been given the green light by regulators. The Competition and Markets Authority (CMA) waved through the deal following an in-depth investigation, concluding that concerns customers to see price hikes from the telecoms deal were unfounded. Officials had provisionally cleared the deal last month and on Thursday confirmed the tie-up, which was first announced a year ago. At the time the deal was announced, the companies said it would create a full converged platform for customers, and will mean an investment of £10 billion in the UK over the next five years. Virgin Media and O2 s £31 billion merger has been given the green light to be completed by the Competition and Markets Authority after a lengthy investigation

Virgin and O2 merger greenlit by UK regulator

Pocket-lint search Pocket-lint is supported by its readers. When you buy through links on our site, we may earn an affiliate commission. Learn more 20 May 2021 · News Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Virgin Media (Pocket-lint) - The merger between two of the UK s biggest telcos has been confirmed - O2 and Virgin Media will become one company after the deal was approved by the Competition and Markets Authority (CMA).  O2 is the UK s largest mobile network, with around 34 million customers. Virgin Media has over 5 million customers, but its fibre network is coveted. 

Virgin Media and O2 £31bn merger given green light by watchdog

The Competition and Markets Authority (CMA) waved through the deal following an in-depth investigation, . The CMA concluding that concerns customers would see price hikes from the telecoms deal were unfounded. Officials had provisionally cleared the deal last month and on Thursday confirmed the tie-up, which was first announced a year ago. At the time the deal was announced, the companies said it would create a “full converged platform” for customers, and will mean an investment of £10 billion in the UK over the next five years. A Phase 2 investigation found that the deal was unlikely to lead to any substantial lessening of competition for a number of reasons, it said.

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