Vodafone UK and Virgin Media O2 reinforce mobile network partnership for enhanced national coverage

By on    Technology Industry News  

Vodafone UK and Virgin Media O2 reinforce mobile network partnership for enhanced national coverage

In a significant move for the UK telecom sector, Vodafone UK Limited and VMED O2 UK Limited, operating as Virgin Media O2, have agreed to extend and enhance their mobile network sharing partnership for over a decade. This strategic extension aims to bolster mobile coverage nationwide and improve service quality for customers, irrespective of the […]

Virgin Media O2 divests 17% stake in Cornerstone to GLIL Infrastructure for £360m

By on    General business news  

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 […]