VMO2 selling its towers biz stake could net it over £1B

Virgin Media O2 (VMO2) has begun the process of offloading at least 50 percent of its stake in Cornerstone, the UK’s largest telecoms towers company.

The sale of its entire stake could raise more than £1.5 billion if successful, with the total value of Cornerstone estimated to be around £3 billion.

The sale has been sent to potential bidders and VMO2 has appointed Goldman Sachs and JPMorgan to oversee the process. If the stake sale goes ahead, VMO2 will use the cash...

21 April 2023 | Networks

First operator goes live on ‘pioneering’ mobile infrastructure

The first operator has gone live on “pioneering” mobile infrastructure that will host multiple telcos.

EE has joined a connectivity pilot led by Freshwave that will deliver enhanced 4G and 5G coverage to users along Queen Victoria Street in London.

James Hope, Director of Mobile Radio Access Networks at EE, said:

“High capacity, super-fast connectivity is essential for consumers and businesses today, with demand for data and low-latency networks...

20 December 2022 | 5G