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Virgin Media O2 makes £3bn bid for TalkTalk

July 16, 2022 10.24 Europe/London By Julian Clover

Virgin Media O2 has placed an initial £3 billion offer for telco rival TalkTalk.

The broadband and mobile company, jointly owned by Liberty Global and Telefonica, is one of a number of companies that have taken an interest in the company including Vodafone and Comcast-owned Sky.

Sky News, which first reported the story, said discussions between the two were at an early stage and were on a non-exclusive basis.

TalkTalk delisted from the stockmarket in 2020 after a sale to Toscafund

News of the Virgin Media offer is likely to put pressure on Vodafone to launch a counterbid. The UK telco is currently benefiting from being the anchor provider on the Cityfibre network,

In addition to its broadband offer, TalkTalk also provides a TV service, through both the YouView and Netgem platforms.

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Filed Under: Editor's Choice, Finance, Newsline Edited: 19 July 2022 12:18

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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