Liberty Global eyes up further European market consolidation

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Last May it was announced that Telefonica’s O2 and Virgin Media, owned by Liberty Global, were seeking to merge their UK operations in a deal worth an enormous £31 billion. The deal is one of the largest in the telecoms sector in recent years, potentially creating a converged operator of a scale large enough to challenge BT’s UK hegemony.   The deal is expected to be completed this summer…

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