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Virgin Media and O2’s £31billion merger given green light from competitions watchdog
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mirror.co.ukVirgin Media and O2 have been given the green light for their £31billion merger to go ahead by the competitions watchdog. The deal sees two of the UK's biggest telecoms giant join forces, affecting around 40million UK households.
It will also see all 14,000 Virgin Media employees and 6,700 O2 staff in the UK work under the same company. The Competitions and Marketing Authority (CMA) had provisionally approved the merger last month but has now officially signed off the deal.
It follows an in-depth investigation by the CMA, which had probed whether customers were likely to see price hikes from the telecoms deal.
It ultimately ruled that this wouldn't be the case, and said it is unlikely to reduce the quality of wholesale services from both
Read more on mirror.co.uk
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