Brief: Telefonica Buys Netomnia In £2 Bln Deal With Liberty Global

Telefonica SA

18/02/2026 14:20

Feb 18 (Reuters) - Telefonica SA TEF.MC:

ACQUISITION OF NETOMNIA

DEAL VALUED AT £2 BILLION (€2.294 BILLION)

TELEFONICA AND LIBERTY GLOBAL TO JOINTLY CONTRIBUTE GBP 150 MILLION TO FUND TRANSACTION AND INFRAVIA WITH GBP 850MLN

DEAL THROUGH ITS SUBSIDIARY TELEFONICA INFRA WITH LIBERTY GLOBAL AND INFRAVIA

AS PART OF TRANSACTION, VIRGIN MEDIA O2 TO BUY NETOMNIA'S RETAIL CUSTOMERS AND BRANDS

VIRGIN MEDIA TO OBTAIN 30% EQUITY STAKE IN HOLDING COMPANY THROUGH WHICH TELEFONICA INFRA AND LIBERTY GLOBAL CURRENTLY INVEST IN NEXFIBRE

AT COMPLETION, TELEFONICA INFRA, LIBERTY GLOBAL AND VMO2 WILL, IN AGGREGATE, HOLD 50% OF NEXFIBRE, AND INFRAVIA WILL HOLD REMAINING 50%

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