Liberty Global has put Virgin Media Ireland on the market following the £31 billion merger with O2.
It’s understood Liberty has hired advisors from investment bank Lion Tree, which specialises in the telecoms sector, to find a buyer.
Virgin Media Ireland is the country’s dominant cable operator and could be worth €2 billion. However, it was left out of the UK merger deal.
The company was created from the amalgamation of Chorus NTL and UPC Ireland and rebranded as Virgin Media Ireland in 2015.
319,000 homes take Virgin’s TV service and another 388,000 subscribe to its broadband offer.
Liberty Global has been working its way through its European assets, conducting a series of sales and joint companies.
A spokesperson for Liberty Global declined to comment.
