
Green light for Virgin Media, O2 £31bn merger
- Companies
- Europost
The long anticipated merger deal between Virgin Media and O2 moved a step closer to being finalized as the two companies received a key backing, BBC reported. The deal is valued at some £31bn and was provisionally approved by the UK's competition watchdog. The statement has been awaited since last December when The Competition and Markets Authority (CMA) launched an investigation of the proposal.