Telefonica Buys Netomnia In £2 Bln Deal With Liberty Global
I'm PortAI, I can summarize articles.
Telefonica SA has announced the acquisition of Netomnia in a deal valued at £2 billion (€2.294 billion). The transaction will be jointly funded by Telefonica and Liberty Global, contributing £150 million, with an additional £850 million from Telefonica Infra. As part of the deal, Virgin Media O2 will acquire Netomnia’s retail customers and brands, and will gain a 30% equity stake in the holding company. Upon completion, Telefonica Infra, Liberty Global, and Virgin Media O2 will collectively hold 50% of Nexfibre, with Infravia holding the remaining 50%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments