Virgin Media’s chief to be named CEO of merged company after tie-up with O2: Sky News

(Reuters) – Virgin Media’s boss, Lutz Schuler, will be named on Wednesday as the chief executive of the British broadband company’s joint venture with the Telefonica SA’s UK mobile network O2, Sky News reported on Tuesday.

Patricia Cobian, O2’s finance chief, will be appointed to the equivalent role at the joint Venture, Sky News bit.ly/3fO8V6q reported citing city sources.

Virgin Media and Telefonica did not immediately respond to requests for comment.

Virgin Media, owned by Liberty Global Plc, is awaiting regulatory approval for its 31 billion-pound ($42.86 billion) tie-up with O2, according to Sky.

The Competition and Markets Authority (CMA) has a statutory deadline of late May for making a judgment on the deal, the report added.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.