John Malone’s Liberty Global has agreed to merge its U.K. cable operator Virgin Media with Telefonica’s British mobile unit O2
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Virgin Media, which Liberty Global acquired in a $16 billion deal in 2013, has focused on offering multiple products, including pay TV, broadband, and phone services. It also sells mobile services in a partnership with BT Group that acquires late next year and will then switch to Vodafone. The company claims to be the U.K.'s fastest broadband network. European antitrust regulators a few years ago blocked Telefonica’s plan to sell O2 to the owner of mobile rival Three in a $15 billion deal.
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