Virgin Media O2 has sold a stake in 20,000 mobile phone masts to a consortium led by Cellnex, aiming to enhance its infrastructure and operations. This strategic move is expected to streamline service delivery and boost network reliability. The partnership will allow Virgin Media O2 to focus on expanding its digital services while benefiting from Cellnex's expertise in managing telecommunications infrastructure. This transaction underscores the growing trend of infrastructure sharing in the telecom industry to optimize operational efficiency and reduce costs.
Virgin Media O2 has sold a stake in 20,000
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The sale, involving an 8.33% stake for £186 million, is part of the company's strategy to monetize its infrastructure while retaining a controlling interest. This deal allows Virgin Media O2 to continue focusing on expanding its digital services, including 5G, while benefiting from the expertise of its new partner, Equitix Investment Management.
