Telefonica's (TEF) digital business segment, Telefonica Tech, joins forces with two technology companies to enhance its VDC cloud offering on the back of emerging quantum technologies.
Virgin Media's boss, Lutz Schuler, will be appointed chief executive of the British broadband company's proposed joint venture with the Telefonica SA's UK mobile network O2, the companies said in a joint statement on Tuesday. O2's Patricia Cobian will be appointed chief financial officer of the combined company, the statement added. Virgin Media, owned by Liberty Global Plc, is awaiting approval from British regulator Competition and Markets Authority (CMA) for its 31 billion-pound ($42.86 billion) tie-up with O2.
Lutz Schüler has been handed one of the biggest jobs in European telecoms after he was appointed as chief executive of the company formed by the £31bn merger of Virgin Media and O2. The German, named Virgin Media’s chief executive in 2019, will take charge of the integration of the cable network with the UK’s largest mobile phone network if competition regulators allow the deal to proceed in May.