Telefónica & Liberty Global in talks to buy Netomnia in £2bn UK fibre deal
Telefónica and Liberty Global, co-owners of Virgin Media O2, are in talks to lead a takeover of UK fibre network operator Netomnia worth around £2 billion, according to reports. The deal would fold one of the country’s fastest-growing alternative fibre players into the same camp as Virgin Media O2, sharpening their position against BT’s Openreach in the race to connect homes and businesses with full-fibre broadband.
Netomnia has been building out its own fibre network in competition with Openreach and other challengers. A successful acquisition by Telefónica and Liberty Global would mark another round of consolidation in the UK telecoms market, concentrating more of the country’s fibre infrastructure in the hands of a few large groups and potentially changing how wholesale access and retail broadband offers are shaped in the coming years.
More from Telecoms
Telekom Malaysia (TM) will drop Digital Nasional Berhad (DNB) as its 5G wholesale provider and move its 5G access to rival wholesaler U Mobile. TM sai
Orange and Samsung are deepening their Open RAN and virtualised RAN (vRAN) partnership to widen rollout across Europe. After running pilots since 202
Pan-African network operator Paratus Group has activated a new terrestrial fibre route in East Africa, linking cities across Kenya, the Democratic Rep
Eutelsat has signed a new maritime connectivity deal for its OneWeb low Earth orbit satellites, expanding service to more than 300 vessels operated by
Egypt’s government has signed a US$3.5 billion agreement with the country’s four mobile operators to double their current spectrum holdings. Officials
Samsung is pitching operators on how to run AI on the networks they already have instead of ripping out existing kit. According to the company, operat