UK’s Virgin Media O2 and Daisy Group combine in business telecoms

UK’s Virgin Media O2 and Daisy Group combine in business telecoms


Virgin Media O2 is a joint venture between telecoms giants Liberty Global and Telefonica.

Tolga Akmen | AFP via Getty Images

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.



Source

Keep your investments in these 3 accounts, CFP says: ‘If you have too much cash, you’re actually losing money’
World

Keep your investments in these 3 accounts, CFP says: ‘If you have too much cash, you’re actually losing money’

The earlier you invest, the more time your money has to grow. But figuring out the exact accounts to use can feel overwhelming. After setting aside money to cover daily expenses in a checking account and three to 12 months of expenses in a savings account, you should start looking into putting any additional income […]

Read More
Warren Buffett Watch: Berkshire Hathaway’s surprising new tech stake
World

Warren Buffett Watch: Berkshire Hathaway’s surprising new tech stake

As Warren Buffett gets closer to stepping down as CEO at the end of next month, he told shareholders he will be “going quiet,” but only “sort of.” More on his Thanksgiving letter, which looks like it could become a substantial annual tradition, below. First: A surprising stake There was a notable surprise in Berkshire […]

Read More
All three of the core premises behind the bull market are coming under questioning
World

All three of the core premises behind the bull market are coming under questioning

The bull market probably didn’t die last week. But its recent ructions might offer a glimpse of its eventual demise, the way bouts of angina can foreshadow a heart attack. The S & P 500 index survived the week virtually unchanged, but only after absorbing its third 3-4% pullback in five weeks, after going six […]

Read More