Telefónica and Liberty Global will create a Netco to segregate broadband

Virgin Media O2 (VMO2) and its shareholders, Telefónica (50%) and Liberty Global (50%), have announced the creation of a network subsidiary in which they will segregate their fixed network assets in the United Kingdom.

The objective, as announced in a statement, is multiple: to accelerate the deployment of broadband in the United Kingdom, to provide new financing options for VMO2 and the creation of an operator that can be an alternative to Openreach , the fili

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