|Bid||3.2900 x 4000|
|Ask||3.3000 x 3100|
|Day's Range||3.2600 - 3.3100|
|52 Week Range||3.2200 - 7.7300|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.44 (12.96%)|
|Ex-Dividend Date||Jun 17, 2020|
|1y Target Est||7.03|
The EU is close to deciding whether Britain should be allowed to assume responsibility for ruling on the proposed merger of Liberty Global's Virgin Media and Telefonica's O2, Europe's antitrust chief said on Monday. The companies last month sought European Competition Commissioner Margrethe Vestager's approval for their $38 billion deal to better compete with market leader BT, prompting a request from Britain's Competition and Markets Authority to take over the case on the grounds that the tie-up will be after Brexit and will mainly affect UK consumers.
Moody's Investors Service, ("Moody's") has today assigned a Ba3 corporate family rating (CFR) and Ba3-PD probability of default rating (PDR) to VMED O2 UK Limited (Virgin Media O2). Concurrently Moody's has assigned a Ba3 instrument rating to the new GBP2.45 billion (equivalent) senior secured notes due 2031 (except for GBP tranche due 2029) to be issued by VMED O2 UK Financing I plc, to the new GBP1.5 billion term loan A (Facility P) due 2026 to be raised by VMED O2 UK Holdco 4 Limited, and to the GBP1.75 billion (equivalent) Term Loan B to be split into a Facility Q and a Facility R due 2029 to be raised by Virgin Media Bristol LLC and VMED O2 UK Holdco 4 Limited, respectively, all entities being subsidiaries of VMED O2 UK Limited. Moody's has affirmed all the ratings of Virgin Media Inc. and its subsidiaries with the exception of the vendor financing notes raised by Virgin Media VFN IV DAC and Virgin Media Vendor Financing Notes III. Moody's has downgraded the the vendor financing notes issued by Virgin Media VFN IV DAC and Virgin Media Vendor Financing Notes III to B2 from B1.
While Verizon (VZ) expands its 5G coverage in 19 new cities, Ericsson (ERIC) collaborates with China Telecom for a data call trial.