Virgin Media O2 divests 17% stake in Cornerstone to GLIL Infrastructure for £360m
Virgin Media O2 has reached a significant deal, selling a 16.67% minority stake in its mobile tower joint venture, Cornerstone Telecommunications Infrastructure Limited, to GLIL Infrastructure LLP. The agreement will result in a cash transaction of approximately £360 million for Virgin Media O2, reflecting an 18.7x multiple on Cornerstone’s adjusted EBITDAaL for the year ended […]