The UK’s Virgin Media is reportedly looking to sell its copper assets after it stopped selling services of less than 50Mbps in February to focus on fibre.
Information packs have been sent to prospective buyers for Virgin Media National, a standalone…
The UK’s Virgin Media is reportedly looking to sell its copper assets after it stopped selling services of less than 50Mbps in February to focus on fibre.
Information packs have been sent to prospective buyers for Virgin Media National, a standalone business, reported the Financial Times citing sources.
The asset is likely to attract local fixed and mobile players looking to add scale in the country.
Virgin Media, which was sold to Liberty Global last year for US$23.3bn, declined to comment on the speculation.
A sale would include more than 130,000 customers that signed up to the service before the group decided to concentrate on fibre, which is currently available to 12.5 million homes.
Unlike its fibre network, Virgin Media National uses incumbent telco BT’s infrastructure.
Other players already using BT’s network, such as satellite broadcaster BSkyB and TalkTalk, are likely candidates for the sale along with the incumbent itself.
BSkyB last year bought Telefonica UK’s O2 and BE consumer broadband and fixed-line telephony business in a £200m deal for around half a million customers.