Today's Research Daily features a real-time update on the Q2 earnings season and new research reports on CSX Corp. (CSX), Lam Research (LRCX), and TE Connectivity (TEL).
Virgin Media O2 has secured billions of pounds in investment for a fibre-building joint venture with owners Telefónica and Liberty Global as the group seeks to challenge BT and smaller rivals that are rapidly laying ultrafast network infrastructure. The group has agreed a deal for £4.5bn, in part from Telefónica and Liberty Global, alongside investment company InfraVia Capital Partners, to build a new full-fibre network that will provide connectivity to up to 7mn homes.
The owners of Britain's Virgin Media O2 have joined forces with French investment firm InfraVia Capital Partners to plough around 4.5 billion pounds ($5.5 billion) into a new fibre broadband joint venture, increasing direct competition with BT. Virgin's owners Liberty Global and Spain's Telefonica, plus InfraVia, said the network would cover around 7 million premises across the UK, in areas not already covered by the existing Virgin Media network, and offer wholesale access to other broadband providers. BT has long provided the main wholesale network in Britain, giving access to the likes of TalkTalk and Sky.