Published by Global Banking & Finance Review®
Posted on October 30, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on Google
Virgin Media O2 is negotiating a £2 billion acquisition of Netomnia, a major UK broadband operator, as reported by the Financial Times.
(Reuters) -Virgin Media O2 is in talks to acquire Britain's fourth-largest broadband network operator Netomnia in a deal potentially worth 2 billion pounds ($2.68 billion), the Financial Times reported on Thursday citing two people familiar with the matter.
($1 = 0.7451 pounds)
(Reporting by Disha Mishra in Bengaluru; Editing by Janane Venkatraman)
A broadband network operator is a company that provides internet access and related services to consumers and businesses, enabling high-speed data transmission over various technologies.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
A financial report is a formal record of the financial activities and position of a business, person, or entity, typically including income statements, balance sheets, and cash flow statements.
Market capitalization is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares outstanding.
A takeover is the acquisition of one company by another, which can occur through the purchase of shares or assets, often resulting in a change of control.
Explore more articles in the Finance category
