Virgin Media O2 reportedly nears deal to use BT’s broadband network
BTI•Virgin Media O2 is reportedly nearing a deal to use BT’s Openreach fibre network to serve new customers outside its existing coverage. It is also reportedly pausing cable-to-fibre upgrades as part of a cost-cutting programme.
1. Proposed network deal
Virgin Media O2 is reportedly nearing a deal to use BT’s Openreach network to serve new customers in areas not covered by its existing network. The companies declined to comment when contacted.
2. Fibre investment context
Virgin Media O2 was also reportedly pausing efforts to upgrade its cable network to fibre as part of a broader cost-cutting programme. The development follows its owners’ plans to challenge the competition regulator’s opposition to their £2 billion acquisition of Netomnia rather than offer remedies.
