Virgin Media O2 Nears Deal With BT

Virgin Media O2 is reportedly nearing an agreement to use BT Openreach fibre network for new customers. The company is also pausing its own cable network upgrade program to reduce costs amidst broader strategic shifts.

Insights:
A view of BT Group logo displayed on a shopfront, in London, Britain, July 21, 2023. REUTERS/Hollie Adams

Virgin Media O2 is in talks to use BT’s fibre broadband network, according to the Financial Times. The potential wholesale agreement follows a strategic pause in Virgin Media O2's own cable-to-fibre upgrades. The collaboration could reshape the broadband landscape across the United Kingdom.