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Virgin and O2 reportedly joining forces to challenge Sky and BT

Virgin and O2 reportedly teaming up to challenge Sky and BT
(Image credit: Virgin Media)

The owners of Virgin Media and O2 could be teaming up to create a new TV and mobile service in the UK, The Guardian reports.

The director of Liberty Goal, the telecomms company that owns Virgin Media, and O2 owner Telefonica are supposedly in talks to merge their assets.

Such partnership would bring together the 33 million customer base of O2, the UK’s largest mobile network, and Virgin Media's six million cable and three mobile customers, putting a joint venture in a strong position to challenge media giants Sky and BT in the UK.

With Liberty Goal also owning a 10 per cent stake in ITV, it is uncertain whether the British broadcaster would be included in a deal. 

Negotiations are under way, with Telefonica confirming today that "the process started between both parties is in the negotiation phase, with no guarantee, at this point, of its precise terms or its probability of success".

Two sources familiar with the matter have also told Reuters that talks are ongoing. 

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Becky is Hi-Fi and Audio editor of What Hi-Fi?, and has been part of the team for almost eight years, with her current position preceded by roles as a staff writer and news editor. During that time she has been fortunate enough to travel the world to report on the biggest and most exciting brands in hi-fi and consumer tech (and has had the jetlag and hangovers to remember them by). In her spare time, Becky can often be found running, watching horror movies and hunting for gluten-free cake.