In a bold move to reshape the UK’s broadband landscape, VMO2, backed by shareholders Liberty Global and Telefónica, has announced the launch of a new fixed network company, ambitiously positioned as a direct competitor to BT’s Openreach. Dubbed NetCo for now, this venture aims to accelerate the adoption of full fibre broadband, offering a fresh financing framework and a potential platform for the consolidation of alternative network providers (altnets).
VMO2 faced a substantial loss of £3.3 billion in 2023, worsened by a £3.1 billion goodwill impairment rooted in increased capital costs. While their debt soured under challenging economic conditions, they still managed to attract 64,000 new broadband and 47,000 mobile customers. Nevertheless, revenues witnessed a slight tumble as consumer fixed income dipped and the B2B sector lagged.
VMO2 reignited talks over a potential acquisition of TalkTalk’s consumer business this week, eyeing several million UK broadband subscribers. Yet, the negotiation’s early nature and TalkTalk’s sizable £1.1 billion debt make the situation complex.
VMO2 is set to bolster its workforce with 200 new roles, an exciting prospect for those seeking to embark on careers in the dynamic telecommunications industry. While this initiative presents a pathway to cultivating vital skills and qualifications, the telecom giant’s stride in employment growth seems to have slowed following last year’s ambitious pledge.
UK operator VMO2’s recent innovation eliminates network dead zones across a 126-acre farm, combining telecom and agriculture to test the impact of digital technology on rural farming. This collaboration enables real-time tracking of high-value items, prompt alerts on farm security breaches, and efficient crop health monitoring, thereby potentially boosting farm productivity and significantly reducing losses.
VMO2, a leading UK telecom company, is saying goodbye to 3G services by 2025, focusing on the advancement of 4G and 5G capacities. Though this marks the end of an era, it opens doors for superior technology and remarkable energy efficiencies. What does this imply for consumers and the future of mobile connectivity? Let’s explore.
Ofcom’s Cristina Luna-Esteban has recently criticized renowned UK ISPs including BT, Sky, TalkTalk, and VMO2, regarding delays in finalizing a launch date for the One Touch Switching (OTS) system. This creates a dilemma, as extended delays restrict consumers from accessing easy and simplified ISP switching. OTS, initiated by Ofcom to streamline provider switches, experiences technical complexities pushing its initial deadline, causing a concern echoed by Ofcom’s Lindsey Fussell.
Forging a powerful alliance, Virgin Media O2 and Tesco affirm a ten-year extension of their two decade-long partnership, potentially marking a new era for Tesco Mobile, UK’s leading mobile virtual network operator. With over 5.5 million customers, and a recent 9.4% increase in sales generating £970 million in revenues, this joint venture shows no signs of slowing down.
Ofcom’s recent quarterly report reveals a surge in customer complaints against Virgin Media, prompting scrutiny into its cancellation policy. Despite contention from VMO2, the report paints a stark contrast between Virgin Media’s dissatisfaction rates and Sky’s remarkable customer approval.
Aiming to diminish the climate impact of legal proceedings, a group of dedicated lawyers is advocating for sustainable litigation practices across England and Wales. Aligned with the 2015 Paris Agreement, the initiative pleads with organizations striving for Net Zero emissions to adopt the Greener Litigation Pledge. VMO2 plays a key role in this movement, with ambitious plans to reduce its emissions by 90% by 2040.