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Virgin Media O2 in talks for 2 billion stg takeover of broadband rival Netomnia, FT reports

Published by Global Banking & Finance Review

Posted on October 30, 2025

1 min read

· Last updated: January 21, 2026

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(Reuters) -Virgin Media O2 is in talks to acquire Britain's fourth-largest broadband network operator Netomnia in a deal potentially worth 2 billion pounds ($2.68 billion), the Financial Times

Virgin Media O2 Negotiates £2 Billion Acquisition of Netomnia

(Reuters) -Virgin Media O2 is in talks to acquire Britain's fourth-largest broadband network operator Netomnia in a deal potentially worth 2 billion pounds ($2.68 billion), the Financial Times reported on Thursday citing two people familiar with the matter.

($1 = 0.7451 pounds)

(Reporting by Disha Mishra in Bengaluru; Editing by Janane Venkatraman)

Key Takeaways

  • Virgin Media O2 is in talks to acquire Netomnia.
  • The deal is valued at approximately £2 billion.
  • Netomnia is the UK's fourth-largest broadband operator.
  • The Financial Times reported the potential acquisition.
  • The acquisition could impact the UK broadband market.

Frequently Asked Questions

What is a broadband network operator?
A broadband network operator is a company that provides internet access and related services to consumers and businesses, enabling high-speed data transmission over various technologies.
What is an acquisition?
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
What is a financial report?
A financial report is a formal record of the financial activities and position of a business, person, or entity, typically including income statements, balance sheets, and cash flow statements.
What is market capitalization?
Market capitalization is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares outstanding.
What is a takeover?
A takeover is the acquisition of one company by another, which can occur through the purchase of shares or assets, often resulting in a change of control.

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