Press Release of the Day – 7th May

Virgin Media/O2: ‘Poses a major challenge to the dominance of BT’

Commenting on the confirmed merger between Virgin Media and O2 Holly Niblett, head of digital at comparethemarket.com, said:

“The merger between Virgin Media and O2 poses a major challenge to the dominance of BT in the UK and could shake-up the sector. Shared costs between Virgin Media and O2 should enable cost savings that, in an increasingly competitive market, may be passed onto customers as the big players battle for market share. BT could respond to this threat to its market-leading position by lowering prices, which would be good news for consumers. Broadband is increasingly being recognised by the government as an essential utility, and significantly this deal also promises multi-billion pound investment in the UK’s broadband network. Our research found that almost two thirds (63%) of UK households experience broadband outages every month – and over one in ten claim that slow speeds materially impact their ability to work from home. With signs that working from home might become a longer-term trend for many, millions would welcome faster mobile and broadband connections. Comparing prices and connection speeds between providers online remains one of the most effective way for households to secure a good deal.”

– Ends –

Join our mailing list to receive Tomorrow’s Business every Monday to Thursday and learn which companies and business news topics will be making the headlines over the coming week.

  • We will use the personal details you share with us to provide you with the information you’ve requested, this will include the use of Cookies to enable us to share offers of other products or services we provide and which we feel may be of interest to you. We will not share this information with any third parties. Please read our Privacy Policy to see how we protect and manage your personal data.