Virgin Media mulling bid for KCOM?

11 Feb 2019

British multi-service operator (MSO) Virgin Media is reportedly exploring a possible acquisition of KCOM, Hull’s monopoly telecoms provider, with a view to helping speed up its ongoing network expansion programme. According to The Telegraph, which cites ‘multiple sources’, the consideration of a bid for KCOM is at an early stage, and it has been stressed that Virgin Media could yet decide against tabling an offer. It has been suggested that the MSO and its parent company Liberty Global are eyeing up the Hull-based provider following a major profit warning by KCOM in November, which was triggered by poor performance in the latter’s divisions which provide services nationwide. Virgin Media and KCOM, however, both declined to comment on the rumour.

United Kingdom, KCOM, Liberty Global, Virgin Media