--The owners of Virgin Media O2, John Malone's Liberty Global PLC and Telefonica S.A. have started discussions to raise hundreds of millions of pounds from external investors, Sky News reports.

--The telecommunications company--formed from a 31 billion pounds ($41.56 billion) merger last year--will use the investment to fund the rollout of fast fiber broadband to up to seven million more British households, Sky News reports.

--The company will seek a sum that could eventually total as much as GBP1 billion in return for the sale of a large stake, Sky News reports, citing sources close to the process.

 

Full story: https://bit.ly/35CDpFj

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

January 31, 2022 07:37 ET (12:37 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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