UK multiplay operator Virgin Media O2 (VMO2) is reported to be considering a £3 billion (€3.4bn) takeover bid for full fibre altnet CityFibre.

Mike Fries, chief executive of VMO2 parent company Liberty Global, is said to have held initial talks with Greg Mesch, Chief Executive Officer at CityFibre.

By 2025 CityFibre’s rollout is set to reach 8 million homes, 800,000 businesses, 400,000 public sector sites and 250,000 5G mobile sites. It reached the 2 million home milestone in September 2022, cementing its position as the second largest full fibre provider in the UK.

VMO2 Is believed to working with bankers at US-based LionTree, according to the Daily Telegraph.

CityFibre is based in London and is owned by Antin Infrastructure Partners, Goldman Sachs Asset Management, Mubadala Investment Company and Interogo Holding.

Other posts by :

1. Musk: “AI is inevitable”
2. Airbus Space says business is booming
3. AST SpaceMobile gets permission for giant factory
4. Questions over AST SpaceMobile’s spending plans
5. Bank: AST SpaceMobile is favoured
6. Amazon Leo gains South Africa link
7. Eutelsat wants an extra 528 satellites
8. FCC approves orbital space mirrors
9. Analysts: “Unknown Unknowns for SpaceX”

Categories: Articles, Broadband, Business, FTTH, M&A, Telco

Tags: altnet, CityFibre, Virgin Media O2, VMO2