Virgin Media O2 has announced its decision to merge its enterprise unit with Daisy Group, a move aimed at creating a robust communications and IT service offering for businesses. On Monday, the announcement sent shockwaves through the industry. The two companies are working together to improve services for their shared corporate customers by integrating their respective networks.
The newly created combined company hopes to achieve pro-forma revenue of approximately £1.4 billion ($1.85 billion). That projection assumes that each group does as well as the other did in 2024. This detailed financial forecast paints a clear picture of how the merger would upend competition in the market. It gives the employer brand new company a competitive edge in business telecommunications. Adjusted core earnings for the combined entity are projected to top £150 million.
During the merger negotiations, Virgin Media O2 had agreed to take a 70% controlling stake in the new company under the merger’s terms. In the meantime, Daisy Group will hold the other 30%. Virgin Media O2 in and of itself is a JV, owned by global telecommunications monopolists Liberty Global and Telefonica. This partnership unites incredible deep experience and resources, providing strong muscle for the newly merged, for-profit company.
Daisy Group is well-regarded as a business-to-business telecoms provider, making it a complementary partner for Virgin Media O2 in this venture. The combination aims to leverage both companies’ strengths to deliver innovative communications and IT solutions tailored to the needs of businesses across various sectors.
Our new combined company will be better equipped to take a holistic approach to telecommunications services. Businesses will benefit from having access to more solutions under one roof. This partnership between Virgin Media O2 and Daisy Group will streamline and open up procurement for businesses of all sizes. Not only will this potent integration improve service delivery,
Today, the telecoms landscape is more dynamic and competitive than ever before. This strategic partnership has the potential to drive breakthrough innovations and improved service quality across the industry. Stakeholders on both sides of the pond are excited about the new jobs and increased global competitiveness this merger could provide.
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