Virgin Media O2 and its shareholders are exploring a takeover bid for Trooli, one of the UK’s army of 'altnet' fibre broadband companies
Virgin Media O2 and its shareholders are exploring a takeover bid for Trooli, one of the UK's army of 'altnet' fibre broadband companies.
The market is dominated by BT's Openreach division, but also includes large competitors such as CityFibre Holdings. Many of the smaller altnets have been hit by soaring costs and supply chain and labour issues, impairing their path to profitability.Its shareholders are understood to largely comprise its management team.
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