Virgin Media O2 in Talks to Sell Shares in Towers Unit to GLIL, Reuters Reports
October 30 2023 - 10:23AM
Dow Jones News
--Virgin Media O2 is in talks to sell part of its stake in
telecommunication-tower business Cornerstone to investment firm
GLIL in a deal that could value the whole business at 2.5 billion
pounds ($3.03 billion), Reuters reports, citing unnamed
sources.
--Virgin Media O2, jointly owned by Telefonica and Liberty
Global, could sell a stake of less than 25% in Cornerstone,
according to Reuters.
--Virgin Media O2 and GLIL declined to comment when contacted by
Dow Jones Newswires.
Full story: https://shorturl.at/cdoyV
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 30, 2023 10:08 ET (14:08 GMT)
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