It’s finally happened, after all the chatter and months of debate in the UK competition and markets authority, Virgin Media and O2’s have merged in a 50-50 £31billion deal that has sent over 40 million customers over to a new company, Virgin Media O2.
The new venture, jointly owned by Liberty Global and Telefonica, has pledged to provide “unbeatable choice for consumers, as well as promising to power the UK economy”.
It has been announced that Virgin Media O2 will create up to 2,000 jobs in the UK by December this year, this will be complimented by a further 1,000 apprenticeships to help train the future generation.
They have also announced a £10billion investment to be rolled out over the next five years. This will involve upgrading existing infrastructure and increasing the network across the UK. This also includes a promise of 5G in 200 locations before the end of June.
There has never been a better time to look into a career in telecoms, whether you’re in a civils role, software, sales or customer service. This is the chance to start looking, whether you’re a career veteran, or looking for new avenues. This is a promising sign of a new telecoms boom, that will surely be answered by the giants of UK telecoms who will certainly not be sleeping on this.
With Lutz Schüler, the CEO of this new behemoth announcing that he is ready to “go for them” in regards to BT and EE, we are surely looking at an arms race between these two giants of communications. With BT looking to increase its network by 5 million homes, and upgrade 25 million of its existing reach, matched by the promise of this new leviathan. The gold rush is back, but this time it’s fibre and Mobiles.
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