LONDON (Reuters) -Britain’s Virgin Media O2 said it was combining its enterprise unit with business-to-business telecoms provider Daisy Group to create a new communications and IT offer for companies.
The new company will be 70% owned by Virgin Media O2, a joint venture between Liberty Global and Telefonica, and 30% owned by Daisy Group, the two said on Monday.
The entity will have pro-forma revenue of about 1.4 billion pounds ($1.85 billion) and adjusted core earnings of about 150 million pounds, based on the groups’ 2024 performance, they said.
($1 = 0.7579 pounds)
(Reporting by Paul Sandle; editing by Sarah Young)
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