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Telefonica plans full takeover of Virgin Media O2

PRIVATEMay 15, 2025

Acquiring Company

Telefónica Móviles del Uruguay

Acquired Company

Virgin Media O2

LondonTelecommunicationsHardwareSatellite Communication

Description

Telefonica is exploring a complete takeover of Virgin Media O2, aiming to buy out its partner Liberty Global. This move comes after Telefonica's strategic review of their joint venture and is part of efforts to increase operational scale in Europe. The future of the joint venture remains uncertain following recent discussions among Telefonica's leadership.

Quick answer

Telefónica Móviles del Uruguay is acquiring Virgin Media O2, announced May 15, 2025.

How much did Telefónica Móviles del Uruguay pay for Virgin Media O2?
The deal value was not disclosed.
What does Telefónica Móviles del Uruguay do?
Telefónica Móviles del Uruguay, operating under the brand Movistar, is a major telecommunications provider in Uruguay.
Where are Telefónica Móviles del Uruguay and Virgin Media O2 based?
Virgin Media O2 is based in London, England, United Kingdom.

Source: Fundz verified event record.

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Company Information

Company

Telefónica Móviles del Uruguay

About

Telefónica Móviles del Uruguay, operating under the brand Movistar, is a major telecommunications provider in Uruguay. The company offers mobile and fixed telephony, broadband, and digital services. It is known for its extensive network coverage and innovative services. Telefónica aims to enhance digital transformation in the region.

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Frequently asked

Who acquired Virgin Media O2?

Virgin Media O2 was acquired by Telefónica Móviles del Uruguay. The deal was reported on May 15, 2025. Telefónica Móviles del Uruguay, operating under the brand Movistar, is a major telecommunications provider in Uruguay. The company offers mobile and fixed telephony, broadband, and digital services. Telefónica Móviles del Uruguay is privately held and operates in Telecommunications.

When did Telefónica Móviles del Uruguay acquire Virgin Media O2?

Telefónica Móviles del Uruguay's acquisition of Virgin Media O2 was reported on May 15, 2025. Telefonica is exploring a complete takeover of Virgin Media O2, aiming to buy out its partner Liberty Global. This move comes after Telefonica's strategic review of their joint venture and is part of efforts to increase operational scale in Europe. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Virgin Media O2 do?

Virgin Media O2 is a leading telecommunications and media company in the UK. It provides broadband, TV, mobile, and landline services to both residential and business customers. The company was formed from the merger of Virgin Media and O2 in 2021. It is privately held, operating in Hardware, and is based in London.

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